Portfolio
The Zug Estates Group develops, markets and manages properties in the Zug region. It focuses on centrally located high-density sites with potential for sustainable development and suitable for a wide range of uses.
Zug Estates invests in sites in the Zug region. The majority of the real estate portfolio is located at the Metalli site in Zug and the Suurstoffi site in Risch Rotkreuz, and is broadly diversified by type of use. The Group also runs a city resort in Zug incorporating the leading four-star business hotels Parkhotel Zug and City Garden.
Investments are focused on centrally located sites in the Zug region permitting high development densities, a wide range of uses and a mix of environments. As an attractive business and residential location, the Zug region provides optimum conditions for the long-term sustainable development of the portfolio: centrality, ready reachability with access to a large talent pool, and business-friendly authorities.
By concentrating on the Zug area, the Group is able to capitalize on its market intelligence and familiarity with the local business community.
Above-average property qualities with attractive market positioning
Zug Estates takes an integrated development approach geared to the specific locational features of its sites in order to create environments that will meet tomorrow’s needs. Thanks to their central location, excellent accessibility and the busy Metalli shopping center in Zug, as well as the Suurstoffi university campus in Risch Rotkreuz, both sites will enjoy an attractive long-term positioning as places of business. District-based services, superior green surroundings and resource-efficient energy systems explain why the sites are so sought-after.
Correspondingly, the locational and property qualities of the Zug Estates Group portfolio are above-average. Furthermore, the portfolio's usage mix is balanced, with about 30% residential property and significant development reserves, which are to be successively exploited over the next few years.
Growing real estate portfolio with defined development pipeline
The portfolio currently has a fair value of CHF 1.2 billion, 50% more than five years previously. In the same period, the proportion of residential property rose from 23% to almost 30%.
Zug Estates pursues a policy of active growth. In the next five years, the focus will be on continuing the development of the Suurstoffi site in Risch Rotkreuz. With an investment volume of more than CHF 400 million, development plans are largely taking concrete shape. There are plans to further develop the Zug site from 2020 on, with investment potential estimated at an additional CHF 350 million. Zug Estates also intends to acquire a further site in the medium to long-term. Insofar as projects can be carried out as planned, the value of the portfolio will grow to approx. CHF 1.5 billion to CHF 1.6 billion by 2020.
Suurstoffi development pipeline
| 2015-2017 | Suurstoffi 16–20 (under construction) will have a total of
152 rental apartments, 52 accommodation units for HSLU students and 500 workplaces – Investment volume: approx. CHF 110 million – Construction start: fall 2015 – Move-in: fall 2017–spring 2018 |
| 2016-2018 | Suurstoffi 37/39 (in planning), 70-meter residential
tower block, about 90 condominium properties and approx. 2 500 m2 of office and commercial space – Construction start: fall 2016 – Move-in: winter 2018/19 |
| 2016-2018 | Suurstoffi 22 (in planning), approx. 600 workplaces – Investment volume: approx. CHF 55 million – Construction start: development as required, possible as of end 2016 |
| 2017-2019 | Suurstoffi 2–6 (in planning), Lucerne University’s future Suurstoffi Rotkreuz campus for almost 2 000 students and 250 employees. Rental apartments and space for some 300 workplaces will also be built – Investment volume: above CHF 100 million – Construction start: 2017 – Move-in: 2019/20 |
| 2018-2020 | Suurstoffi 43–45, approx. 700 workplaces – Investment volume: approx. CHF 65 million – Development as required |
On-site business hotels
In Zug, the Zug Estates Group also operates a city resort geared to the needs of business clients. The total capacity runs to 250 accommodation units, as well as catering and conferencing facilities. The resort comprises the leading business hotels Parkhotel Zug and City Garden, in addition to long-stay apartments. Ideally integrated into the Zug site and within walking distance of the train station and workplaces, the resort benefits from numerous synergies with the rest of the site.