HIAG IMMOBILIEN HOLDING AG Media Release
HIAG Signs Contract for the Sale of Paper and Finishing Machines
Basel, 8 May 2017 - At the end of April 2017, HIAG signed a contract for the sale of production line 9 at the Papieri site in Biberist (SO) for a high seven-figure amount. In addition to the paper and coating machine, this also includes many smaller pieces of equipment. Two cross-cutting machines were also sold. Following the approval of the master plan, the granting of a framework building permit and the ongoing discussions about a zoning review, another milestone has been reached in redevelopment of the site. "By selling the equipment, large-scale, practically new halls will be freed up starting from the middle of 2018, which can then be put to another use", explained Michele Muccioli, site redeveloper and member of the HIAG Extended Executive Board.
Contact
Martin Durchschlag Chief Executive Officer T +41 61 606 55 00 martin.durchschlag@hiag.com | Laurent Spindler Chief Financial Officer T +41 61 606 55 00 laurent.spindler@hiag.com |
HIAG Immobilien Holding AG
Aeschenplatz 7
4052 Basel
T +41 61 606 55 00
investor.relations@hiag.com
www.hiag.com
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