Alto Pont-Rouge: foundation stone ceremony for pioneering project in Geneva
May 04, 2021 at 11:34 am EDT
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EQS Group-Ad-hoc: Swiss Prime Site AG / Key word(s): Real Estate
Alto Pont-Rouge: foundation stone ceremony for pioneering project in Geneva
04-May-2021 / 17:31 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
Olten, 4 May 2021
First milestone reached in Alto Pont-Rouge project
Attractive urban development in a prime location
First milestone reached in Alto Pont-Rouge project
From 2021 to 2023, Swiss Prime Site Immobilien will be developing a modern services building complex in the Pont-Rouge district, an up-and-coming and incredibly dynamic area of Lancy near Geneva. What makes the urban district so notable is its character and particularly its proximity to Geneva, offering an additional transit and business hub for the greater region. Swiss Prime Site Immobilien is developing a 15-storey building on the plot directly adjacent to the Lancy-Pont-Rouge railway station. It will offer roughly 30 000 m2 of extremely versatile office and commercial space that will satisfy the latest demands for modern working environments. The project will also be certified to meet Swiss Sustainable Building Standards (SNBS), thus helping to reduce the company's carbon footprint. Jean Megow, Head Region West Swiss Prime Site Immobilien, commented: «Despite the pandemic situation, we were able to lay the foundation stone for our Alto Pont-Rouge project as planned on 29 April 2021, making it an unforgettable event. This marks the beginning of one of the most important and largest development projects we've undertaken in Western Switzerland in recent years.»
Attractive urban development in a prime location
Pont-Rouge is the first major construction phase of Geneva's ambitious Praille-Acacias-Vernets (PAV) development area. The former industrial space spanning an area of 230 hectares is transforming into a new urban district. In 20 years' time, around 50 000 people will be living and working here. The new Lancy-Pont-Rouge railway station was inaugurated in December 2017, marking the starting point for the redevelopment of the area. Since 2019, the Léman Express has been serving the station and surrounding area that will be home to Swiss Prime Site's Immobilien future Alto Pont-Rouge building. «With its position on a direct rail line connecting Geneva and neighbouring France, Lancy is a promising new urban centre. Trains run up to six times an hour in each direction, and the journey to Geneva's main station Cornavin takes just five minutes. These are all hugely attractive aspects that explain why many large and smaller businesses and sectors are attracted to the area», commented Jean Megow. The marketing has already started. Some rental contracts, including one with a co-working provider, have already been signed.
Find out more about the Alto Pont-Rouge project here.
Swiss Prime Site AG is a Switzerland-based real estate investment company. The Companyâs activities are structured into three segments: Real Estate, Retail and Gastronomy, and Assisted Living. The Real Estate segment focuses primarily on properties with office and retail floor space situated in prime locations. In addition, through its subsidiary Wincasa AG, the Company is involved in the provision of real estate services. The Retail and Gastronomy segment consists of primarily Jelmoli - The House of Brands department store and Clouds Restaurant in Prime Tower, Zurich. The Assisted Living segment comprises senior residences and geriatric care facilities provided by the subsidiary Tertianum Group.
SWISS PRIME SITE AG 
