HIAG IMMOBILIEN HOLDING AG Media Release
Stadler and HIAG Celebrate Groundbreaking in St. Margrethen
Basel, 5 July 2018 - Ground was broken for Stadler Rail AG's new production facility on 4 July 2018, on HIAG's original site in St. Margrethen (SG), after the re-zoning, the development plan and the building permit became legally binding.
St. Gallen Councillor Benedikt Würth, Stadler Group Chairman Peter Spuhler, Reto Friedauer, mayor of the municipality of St. Margrethen, and Thorsten Eberle, site developer and member of HIAG's Extended Executive Board, symbolically opened the building phase for the new production plant, scheduled to last until 2020. The approximately 70'000 m2 site situated directly at the St. Margrethen train station provides ideal conditions for Stadler's production facility and centre of excellence for double-decker train sets, located to date in Altenrhein (SG). The new plant is a clear commitment to the Swiss workplace and to the location at the meeting point of Switzerland, Austria and Germany.
For HIAG, regeneration of the historical timber industry site sustains the region's further economic development, buttressed by cooperation with a reliable partner.
Pictures (provided by Stadler Rail AG) regarding the event are available on: https://goo.gl/CY5HQW
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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