Property News

8 September 2017

Building permit obtained for project "Orion" in Zurich West

A new building with 23,000 m2 accommodating office, commercial and restaurant space will be realised in the up-and-coming urban centre of Zurich West. Construction to start in Q1 2018.

The current two buildings located at Förrlibuckstrasse 178/180 and Hardturmstrasse 181, 183, 185 in Zurich West, which were realised in the 1980s, will be replaced by a new construction. PSP Swiss Property has been the owner of the site since December 2002.

The new construction will meet future tenants' requirements regarding flexibility of use and will fulfil the latest sustainability standards. An improvement of the surroundings is also planned. Construction is likely to last until the end of 2020. The investment total will amount to approximately CHF 120 million.

Marketing of the rental space, which is scheduled to start in spring of 2018, has been assigned to CBRE.

Visualisation/rendering

(More pictures https://www.psp.info/en/portfolio/sites-and-projects/all-sites-and-projects/zurich-project-orion.html)

Information on the project

Contact marketing

Christoph Sättler, Asset Manager

CBRE

christoph.saettler@psp.info

Alexandra Kovacs

Phone +41 (0)44 625 59 21

alexandra.kovacs@cbre.com

Mobile +41 (0)79 375 90 94

Phone +41 (0)44 226 30 12

Corporate information

Vasco Cecchini, CCO

Phone +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. www.psp.info

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

None of the information in this press release constitutes an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. None of the securities of the Company referred to in this press release have been or will be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States.


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