EQS Group-Ad-hoc: Swiss Prime Site AG / Key word(s): Contract 
Swiss Prime Site: successful implementation of the portfolio and project strategy 
19-May-2021 / 07:01 CET/CEST 
Release of an ad hoc announcement pursuant to Art. 53 KR 
The issuer is solely responsible for the content of this announcement. 
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PRESS RELEASE 
Olten, 19 May 2021 
  . Further partial disposal on the Espace Tourbillon project in Geneva 
  . Sustainable corporate and project financing through «capital recycling» 
Further partial disposal on the Espace Tourbillon project in Geneva 
Since mid-2018, Swiss Prime Site has been working on the major development project «Espace Tourbillon» in the 
industrial zone of Plan-les-Ouates, Geneva. The site comprises a total of five buildings, has an underground logistics 
station and offers a total rental space of 95 000 m2. It is aimed at technology and industrial companies as well as 
SMEs operating primarily in the skilled trade and service sectors. The first two buildings (C and D) of the project 
were already sold to the Hans Wilsdorf Foundation back in June 2017. Building C was handed over to the new owners in 
turnkey condition on 15 April 2021. This building, together with building D that is due for completion towards the end 
of the year, will offer a new, ultramodern workspace for ten social institutions and a start-up cluster. The good 
progress made on the project resulted in a further partial sale (building E) at the end of April 2021. René Zahnd, CEO 
Swiss Prime Site: «We were able to use the full spectrum of our development expertise on the major Espace Tourbillon 
project. We succeeded in providing optimum and innovative spaces for the Geneva region and for future tenants, owners 
and users, while making a significant contribution to modern and sustainable urban development at the same time. We 
also successfully launched a new type of product, with commercial condominium ownership, on the same site in building 
A. 70% of the available space has already been sold or reserved to local companies.» 
 
Sustainable corporate and project financing through «capital recycling» 
In the core segment Real Estate, Swiss Prime Site pursues the goal of refining the existing portfolio of prime, 
value-retaining and attractive properties. The extensive project pipeline has a value of around CHF 1.4 billion and is 
being continuously enhanced. Land and densification reserves are also being added to the profitable development 
process. Opportunistic divestments of existing properties or projects also form part of the medium-term strategy of 
sustainable corporate and project financing, or «capital recycling». René Zahnd, CEO Swiss Prime Site, added: «At the 
beginning of 2021, we took advantage of the opportunity offered by the market environment and sold a property in the 
centre of Zurich (Stadelhofen) on extremely attractive terms. In addition, we were able to cover the additional space 
requirements of an important partner on the Espace Tourbillon project with the sale of building E. This means we have 
already managed to achieve our annual target for result from sales in the first third of 2021. As planned, we have used 
the proceeds from the two transactions to self-finance the project pipeline, including Pont-Rouge in Lancy, the second 
major project in Geneva.» 
If you have any questions, please contact: 
 
Investor Relations, Markus Waeber 
Tel. +41 58 317 17 64, markus.waeber@sps.swiss 
 
Media Relations, Mladen Tomic 
Tel. +41 58 317 17 42, mladen.tomic@sps.swiss 
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End of ad hoc announcement 
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Language:     English 
Company:      Swiss Prime Site AG 
              Frohburgstrasse 1 
              4601 Olten 
              Switzerland 
Phone:        +41 (0)58 317 17 64 
E-mail:       markus.waeber@sps.swiss 
Internet:     www.sps.swiss 
ISIN:         CH0008038389 
Listed:       SIX Swiss Exchange 
EQS News ID:  1198090 
 
End of Announcement EQS Group News Service 
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1198090 19-May-2021 CET/CEST


 
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May 19, 2021 01:03 ET (05:03 GMT)