Basel: Steiner Invest buys UBS property
The Steiner Investment Foundation acquires the UBS building at Aeschenplatz 6 in Basel.
The striking building at Aeschenplatz 6 with the over 13-metre-high sculpture "Hammering Man" by Jonathan Borofsky has a new owner. UBS has sold the property in a bidding process, and the Steiner Investment Foundation has won the bid.
The building in a prime location on Aeschenplatz was built in the 1980s by the former Swiss Bank Corporation. The site area is just under 11,000 sqm, and the floor area including the basement is a good 49,000 sqm. The contracting parties did not provide any information on the purchase price.
According to the Steiner Investment Foundation, UBS is renting the building on Aeschenplatz for twelve months. At the same time, the future use of the property is being examined. According to Ajay Sirohi, President of the Steiner Investment Foundation, the property has great development potential. It is already certain that the "Hammering Man" will remain at its current location: With the purchase of the building, the Steiner Investment Foundation will also take over the sculpture. (ah)
