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Baloise acquires Giessen site in Dübendorf
Media releases Baloise acquires Giessen site in Dübendorf
Basel, January 29, 2020. Baloise has acquired two plots of land as part of the Giessen development in Dübendorf. Plans for the approximately 35,000 square metre site include the construction of 500 new homes, as well as commercial units and green spaces, by 2026.

“I am delighted that the acquisition of the Giessen site will allow Baloise to create attractive and environmentally sustainable residential space in Dübendorf. The planned 500 or so homes will be built to the highest Minergie standards and provide space for the individual needs of a wide range of the population,” says Matthias Henny, Chief Investment Officer of the Baloise Group.  

The acquisition of the land and the planned development expands Baloise’s investment portfolio of rented property in highly attractive locations. The Giessen site in Dübendorf is easily accessible by local public transport and by road, and is considered one of the most promising areas for development in the region. The first tenants are expected to move in by autumn 2026. 

The parties have agreed not to disclose the purchase price.

*Minergie-P-ECO

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