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October 7, 2011

Foundation stone laid for 239 apartments in the development 'Am Pfingstweidpark'

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

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

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

For enquiries please contact: 
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
+41 44 397 11 86

Losinger Marazzi AG
Jürgen Friedrichs
Head of Property Development Zurich
+41 58 4567 193 

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

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.

Losinger Marazzi is a subsidiary of the Bouygues Construction Group. 

End of Corporate News


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