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Zug Estates acquires Renggli Holding AG

Zug Estates Holding AG / Key word(s): Real Estate

02-Nov-2022 / 17:51 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to article 53 Listing Rules
Zug, 2 November 2022

Retroactively with effect on 1 October 2022, Zug Estates Holding AG is acquiring 100% of the shares of Renggli Holding AG, domiciled in Zug, which owns 12 properties in the Zug and Rotkreuz area.

The acquired real estate portfolio, with a residential property share of nearly 50% and value of around CHF 110 million, includes a business property in Zug as well as a 19,000 m² development site with residential and commercial properties in Rotkreuz that is directly adjacent to the Suurstoffi site. Annual rental income amounts to more than CHF 2.6 million and the vacancy rate on 30 September 2022 was at around 0.2%.

Patrik Stillhart, CEO of Zug Estates Holding AG, is thrilled about this acquisition and explains: “The properties of Renggli Holding AG perfectly supplement our portfolio, which focuses on central, well-connected locations in the Canton of Zug. The site we acquired in Rotkreuz, in particular, has attractive development potential.”

Downloads:

Press release (PDF)

Important dates:

24 February 2023
6 April 2023
25 August 2023

Publication of Annual Report 2022
Ordinary General Meeting
Publication of Half-Year Report 2023

For further information, please contact:

Patrik Stillhart, CEO

T +41 41 729 10 10, ir@zugestates.ch

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites which are suitable for a wide range of uses and allow sustainable development. The real estate portfolio comprises the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the two leading business hotels Parkhotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio came to CHF 1.71 billion as at 30 June 2022. 
Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker symbol: ZUGN; securities number: 14 805 212).

Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch


End of Inside Information

Language:

English

Company:

Zug Estates Holding AG

Industriestrasse 12

6300 Zug

Switzerland

Phone:

+41 41 729 10 10

E-mail:

ir@zugestates.ch

Internet:

www.zugestates.ch

ISIN:

CH0148052126, CH0148052118

Valor:

A1J0M6

Listed:

SIX Swiss Exchange

EQS News ID:

1477919


 

End of Announcement

EQS News Service

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