St. Gallen: Pension fund buys Villa Wiesental and builds new building
The pension fund of the city of St. Gallen acquires the Villa Wiesental from HRS Investment. The villa is to be renovated, and an office building is also planned on the site.
The Villa Wiesental is located in the immediate vicinity of St. Gallen's main train station - it has been slated for renovation for several years. Now the pension fund of the city of St. Gallen has acquired the property and, in addition to renovating the villa, is planning to build a multi-story office building with underground parking there for a total of around CHF 28 million. The plans for the new building were drawn up by HRS Real Estate and Boltshauser Architekten.
The purchase agreement between HRS Investment AG and the pension fund has now been legally concluded and recorded in the land register, according to HRS and the City of St. Gallen. The formal transfer of ownership will take place with the building permit for the overall project. HRS Real Estate is to be responsible for the professional renovation of the villa and the construction of the office building as the total contractor.
The city's council of experts had discussed the renovation of the villa and the new building near the locomotive shed at various meetings and deemed it "excellent in terms of urban planning," the statement continues.
A special use plan has already been drawn up for the planned development on the Villa Wiesental site and submitted for preliminary examination. In the next few weeks, it will be submitted to the city council for a decision and then made available to the public. If everything goes according to plan, the renovation of the villa and the new building can begin in 2020. (ah)
