Today SGI City Immobilien AG, a subsidiary of Intershop Holding AG, will submit the planning application for the construction of a new assembly plant on its site in the Neuhegi industrial park in Oberwinterthur. The assembly plant is to be built on a land area of around 13,250 m2.
It has been agreed that Stadler will rent the building on a long-term basis. Commissioning of the new building is scheduled for early 2022.
Both parties have the right to withdraw from the rental agreement should circumstances arise in the further planning and approval process which would prevent the desired economic efficiency of the project.
Intershop is a real estate company listed on the SIX Swiss Exchange and active in Switzerland, which primarily invests in commercial properties. As of 30/06/2019 its portfolio comprised 53 properties with a lettable area of 564,000 m2 and a market value of some 1.3 billion Swiss francs. Intershop invests mainly in the Zurich area, around Lac Leman and along the main traffic arteries. Its portfolio combines high yields with security, thanks to diversification by geography and type of use, with considerable potential for value appreciation in the properties with development potential.
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