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- Mobimo realises large residential construction project in Dübendorf for Mobil-iar real estate fund
February 28, 2013
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 --------------------------------------------------------------------------- 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). 28.02.2013 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news ---------------------------------------------------------------------------