PSP Swiss Property : First citizenM Boutique Hotel in Geneva

The internationally operating hotel group citizenM becomes anchor tenant at Rue du Marché 40 in Geneva. citizenM will open a 144 room boutique hotel following the current comprehensive renovation, which is expected to last until mid-2020.

PSP Swiss Property owns the property since July 2002. Until the end of 2016, the space was mainly used for offices. Since then, the building - realised in the 1970s - is under comprehensive renovation.

The decision to reposition the building for main use as a hotel was taken in collaboration with citizenM. Favouring this use are the top location and excellent public transport connections. The remaining space, which is partly let, will be dedicated to retail.

PSP Swiss Property will invest approximately CHF 30 million for the renovation work.

Visualisations (Renderings)

www.psp.info/rue-du-marche-geneva

Information on the project

Reto Grunder, Asset Manager · reto.grunder@psp.info

Tel. +41 (0)44 625 50 72 · Mobile +41 (0)78 852 71 71

Hotel operator

citizenM

Birgit Schmoltner, Head of PR · press@citizenm.com

Mobile +43 (0)660 3081100

PSP Swiss Property

Vasco Cecchini, CCO · vasco.cecchini@psp.info

Tel. +41 (0)44 625 57 23 · Mobile +41 (0)79 650 84 32

PSP Swiss Property - a leading Swiss real estate company

PSP Swiss Property owns a real estate portfolio worth CHF 6.9 billion in Switzerland's main economic areas; its market capitalisation amounts to CHF 4.0 billion. The 84 employees are based in Geneva, Olten, Zug and Zurich.

PSP Swiss Property has been listed on the SIX Swiss Exchange since March 2000 (symbol: PSPN, security number: 1829415, ISIN CH0018294154).