Mobimo realises large residential construction project in Dübendorf for Mobil-iar real estate fund

Mobimo Holding AG  / Key word(s): Miscellaneous

28.02.2013 06:55

Release of an ad hoc announcement pursuant to Art. 53 KR
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P r e s s  R e l e a s e


Mobimo realises large residential construction project in Dübendorf for
Mobil-iar real estate fund

Lucerne/Küsnacht, 28 February 2013 - Mobimo Holding AG ('Mobimo') is
realising a residential development consisting of 240 rental apartments in
the Hochbord district of Dübendorf for the MobiFonds Swiss Property fund, a
real estate fund managed by the Swiss asset manager Mobiliar Asset
Management AG. The project is being de-veloped by the Investment for Third
Parties division of Mobimo Management AG in Küsnacht.

Mobimo is planning to build attractive and varied rental apartments in an
elegant perimeter block development with a spacious inner courtyard on a
site extending to over 11,000m2 in Dübendorf. The development on the
Sonnentalstrasse is very close to Stettbach train station and the
Glattalbahn, and therefore enjoys excellent public transport links.
Residents will also have easy access to surrounding green spaces and
leisure amenities.

After Mobimo AG purchased the site in June 2012 five firms of architects
were invited to take part in a tender. The joint project of Fischer
Architekten AG, Zurich, and asp Land-schaftsarchitekten, Zurich, was chosen
by the jury in December 2012 as the project on which work would begin. The
design plan for the new block will be submitted in March 2013 and the
building application is expected for the end of 2013. Construction work is
slated to begin in the summer of 2014. Mobimo expects to be able to hand
the project over to its new owner in mid-2014 after formal planning
approval is received.


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


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. Gallen. With a property portfolio that has an overall value of over
CHF 2.3 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 31 December
2012).


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