Swiss Finance & Property buys development site in the Basel region

On June 21, 2017, Swiss Finance & Property Investment secured the right to purchase an approximately 40,000 sqm site in Münchenstein and Arlesheim.

Anja Hall - June 26, 2017

Swiss Property & Finance Investment invests in the Basel region (Photo: pressmaster - depositphotos)

The site in the Basel region has an estimated value of CHF 54 million and is currently used for commercial purposes, according to Swiss Finance & Property Investment. The rent is CHF 2.7 million p.a.

Basel
Project in planning
Project development
Regions
Living

The company is aiming for a rezoning for residential buildings in the next few years. This means that a large proportion of the planned funds from the current capital increase can be invested immediately.

A few days ago, the company announced that it was carrying out a capital increase of around CHF 60 million to further expand its real estate portfolio.

(Visited 14 times, 1 visits today)