Media Release

Basel, 16 June 2017 - HIAG Immobilien Schweiz AG acquires a commercial site in Meyrin's strongly developing economic area. The site is situated directly opposite from the Meyrin train station, which is being further enhanced over the next two years with the extension of the CEVA suburban train (Léman Express), including a connection to the main railway station in Geneva. The site includes 10‘400 m² with a usable area of around 9'700 m². Annualised property income amounts to CHF 0.7 million, and 95% of the floor space is currently leased.

Regarding its location and HIAG's development pipeline, the site is a perfect strategic addition to HIAG's portfolio and its second redevelopment site in Meyrin. A redevelopment project is planned on the site over the next 10 years.

According to HIAG, the transaction is likely to be finalised within two months.

Contact

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

[email protected]

www.hiag.com