HIAG sells Lorzenpark residential and commercial property in Cham

Ad hoc announcement pursuant to Art. 53 LR

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Basel, 19 April 2023 – HIAG is selling the Lorzenpark residential and commercial property in Cham (ZG) to Swiss Prime Investment Foundation as of 1 May 2023 as part of its capital recycling strategy. The property comprises around 10,700 m² of land and 15,000 m² of floor space, divided into 9,400 m² of office / commercial space and 5,600 m² of residential space. The annualised rental income of the property, which was built in 2008, amounted to CHF 3.3 million as at 31 December 2022. The property's sales price is higher than its estimated fair value. HIAG intends to use the proceeds primarily to finance development projects.

About HIAG
HIAG is a leading real estate company listed on the SIX Swiss Exchange with a real estate portfolio with a total value of CHF 1.93 billion. Based on the total area of the real estate portfolio of 2.5 million m², HIAG has an outstanding development pipeline of approximately 742,000 m² with currently 58 projects and an expected investment volume of CHF 3.1 billion. The portfolio comprises 44 sites with well-developed office, commercial and logistics properties as well as selected residential properties in future-oriented growth regions of German- and French-speaking Switzerland. Through its property management activities, HIAG generates stable property income and creates long-term value enhancement potential through active portfolio management and the development of attractive destinations.