Corporate | 7 October 2011 14:02
Mobimo Holding AG / Key word(s): Miscellaneous 07.10.2011 / 14:02 --------------------------------------------------------------------- P r e s s R e l e a s e Foundation stone laid for 239 apartments in the development 'Am Pfingstweidpark' Zurich/Lucerne, 7 October 2011 - After extensive preparatory work the foundation stone was today laid for the residential development 'Am Pfingstweidpark' in Zurich West. By autumn 2013, a total of 239 new rental and condominium apartments in the mid-price segment will be built in this attractive residential location with good transport connections directly adjacent to the recently completed Mobimo Tower. The sale of the condominiums has already got off to a successful start and the leas-ing of the rental apartments is scheduled to commence at the beginning of 2012. The three seven-storey residential buildings will be constructed alongside the almost simul-taneously completed buildings of the Maag site, the new high-rises Mobimo Tower and Prime Tower and the Technopark - the ideal location for urban-dwellers who want individual accommodation in the heart of a new and lively city quarter. The development also borders the Pfingstweid park planned by the city of Zurich and is situated directly on the new Zurich West tramline. It is aimed to obtain the Minergie label for all three residential buildings. Buildings A and B will house 143 condominium studios, lofts and apartments scheduled to be completed by autumn 2013, while building C will see completion of 96 rental apartments and 1,300 square metres of commercial/retail space by summer 2013. The well thought-out design of the three elongated rectangular buildings contains a total of 32 different types of apartment - each with its own particular floor plan, exciting interior and an attractive view of the railtracks or park. The entire development was designed by Zurich architects Meili, Partner Artchitekten AG. The sales figures to date show how strong the need for urban living in the pulsating heart of Zurich West is. In the space of just one month 1/3 of the apartments in buildings A and B have been sold. The leasing of the rental apartments in building C is due to start in early 2012. The investment volume amounts to some CHF 200 million and the project will be developed and realised by total general contractors Losinger Marazzi AG. Further information is available on www.am-pfingstweidpark.ch. Mobimo has opened a showroom with a model apartment in Puls 5 for the sale and leasing of the apartments. This also provides a direct impression of the entire development and the individual residential units by means of a large-scale model. For enquiries please contact: Mobimo Holding AG Dr. Christoph Caviezel, CEO +41 44 397 11 86 ir@mobimo.ch www.mobimo.ch Losinger Marazzi AG Jürgen Friedrichs Head of Property Development Zurich +41 58 4567 193 j.friedrichs@losinger-marazzi.ch www.losinger-marazzi.ch About Mobimo Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Ex-change since 2005. The Mobimo Group has an attractive portfolio mix of investment properties providing stable income and development properties offering extensive value enhancement potential. Investments are targeted mainly in the promising locations of Zurich and Lausanne/Geneva and in the economic regions of Basel, Lucerne/Zug, Aarau and St. Gall. With a property portfolio that has an overall value of over CHF 2.0 billion, Mobimo is one of the leading real estate companies in Switzerland. The portfolio contains development properties with an investment volume of more than CHF 1 billion up to 2015 (as at 30 June 2011). About Losinger Marazzi Losinger Marazzi AG is one of Switzerland's leading companies in property development, general and total general contracting services. The company specialises in innovative and holistic solutions for the financing, preliminary planning and realisation of projects. Losinger Marazzi aims to achieve a leading position in the field of sustainable construction and to have 100 percent of its property development projects certified. Losinger Marazzi employs a staff of some 800 and has annual revenues of close to CHF 800 million. www.losinger-marazzi.ch Losinger Marazzi is a subsidiary of the Bouygues Construction Group. www.bouygues-construction.com End of Corporate News --------------------------------------------------------------------- 07.10.2011 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at http://www.equitystory.ch/nachrichten --------------------------------------------------------------------- 141644 07.10.2011