HIAG broadens portfolio and development pipeline


HIAG acquires four commercial properties at the three locations Winterthur (ZH), Solothurn (SO) and Reinach (BL) from BR Bauhandel AG in a sale-and-lease-back transaction. BR Bauhandel AG will remain a long-term tenant at all three locations with its Richner and Baubedarf brands. With the acquisition, HIAG increases its development pipeline by around 40,000 m2 of floor space. The parties have agreed not to disclose the purchase price.

The asset deal includes two properties in Winterthur with around 10,000 m2 and 6,000 m2 of surface area. It also includes a property in Solothurn with around 29,000 m2 and currently 13,000 m2 of floor space and a property in Reinach with about 4,500 m2 of floor space on a building lease area of about 6,500 m2. There is a pre-emptive right for this property that can be exercised within 6 months. The considerable potential for use of the commercial and residential space in Winterthur and Solothurn will enable a sustainable increase in rental income in the HIAG portfolio. The site development of the newly acquired properties will begin immediately after the acquisition.


Tags : HIAG

Lu 559 fois