Thurella spins off real estate
On May 2, the shares of the new Thurella Immobilien AG were listed for the first time on the over-the-counter platform OTC-X of the Berner Kantonalbank.
The four non-operational properties of Thurella AG with a total area of 21,700 sqm in Egnach (TG) were transferred to the new real estate company.
In 2017, income from the rental of these properties was around CHF 542,000 (previous year: CHF 369,000), while maintenance expenses amounted to CHF 244,000. In a statement, Thurella put the value of Immobilien-AG at a mid-single-digit and a low-double-digit million CHF figure, depending on the success of the project progress in Egnach.
The spin-off of the real estate division was approved by a majority at Thurella's Annual General Meeting on April 26, and the shares of the real estate company were listed for the first time on May 2, reported schweizeraktien.net.
The background is the takeover of Thurella by the food producer Orior. In the course of the transaction, the entitled Thurella shareholders additionally received one registered share of Thurella Immobilien per registered share of Thurella as a dividend in kind.
