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HIAG successfully executes its divestment strategy Accelerated implementation of portfolio optimisation

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Basel, 2 December 2021 ‒ In the context of the announced divestment strategy, as of 1 December 2021 HIAG sold non-strategic properties worth approximately CHF 60 million (fair value) at a profit in the current attractive market environment. With the sale of the properties in Aigle, Basel, Biberist, Bremgarten and in the Zurich Oberland area, a major part of the divestment volume planned until the end of 2022 has already been realised.

The new funds further strengthen HIAG's flexibility and entrepreneurial clout following the successful share placement in November. In view of the positive course of business, HIAG remains committed to the targets communicated in the half-year report in August 2021.

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