Zug Estates Holding AG

EQS-News: Risch Municipal Assembly approves adjustment to development plan


EQS Group-News: Zug Estates Holding AG / Key word(s): Real Estate
Risch Municipal Assembly approves adjustment to development plan

30.11.2016 / 06:50
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Yesterday evening, the Municipal Assembly of Risch Rotkreuz agreed to the
adjustment to the development plan for Langweid, now Suurstoffi West. This is
another milestone in the development of the Suurstoffi site.

At their assembly yesterday, the voters of Risch Rotkreuz approved the
adjustment to the development plan for Langweid, now known as Suurstoffi West.
This is another important milestone in the development of the Suurstoffi site.
However, the modified development plan will only come into force when it has
been approved by the Cantonal Government, which is expected in the first half of
2017.

"We are delighted with the residents' confidence, and believe that the result of
the vote confirms the high-quality, sustainable development of the site", says
Tobias Achermann, CEO of Zug Estates, the land owner concerned. The Suurstoffi
West development plan allows for higher-density construction directly adjacent
to the rail station in the western part of the site. Based on the public project
competition, three buildings are to be created in this key urban location -
including a 60 m high-rise - which will provide space for the Zug-Rotkreuz
campus of Lucerne University and additional service-sector activities. It also
envisages connecting the municipality of Risch's planned eastern footbridge,
which will also link both districts and provide access to the rail platforms.

Downloads:

Press photos of Suurstoffi:http://zugestates.ch/de/home/main/medien/downloads/pr
essefotos-suurstoffi
 
Upcoming events:
March 10, 2017 | Publication of Annual Report 2016
April 11, 2017 | Annual general meeting of shareholders
September 1, 2017 | Publication of half-year results 2017

For further information, please contact:
Tobias Achermann, CEO,tobias.achermann@zugestates.ch, T +41 41 729 10 10
Gabriela Theus, CFO,gabriela.theus@zugestates.ch, T +41 41 729 10 10

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the
Zug region. It focuses on centrally located sites suitable for a wide range of
uses and with potential for sustainable development. A large part of the real
estate portfolio is located at two sites in Zug and Risch Rotkreuz and is
broadly diversified by type of use. The Group also runs a city resort in Zug
incorporating the two leading business hotels Parkhotel Zug and City Garden,
augmented by a range of restaurant outlets. As at June 30, 2016, the total
portfolio value was CHF 1.2 billion.

Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker
symbol: ZUGN; securities number: 14 805 212).
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=WMKVLMCCEF
Document title: Press release

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End of Corporate News
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Language: English

Company:  Zug Estates Holding AG

          Industriestrasse 12

          6300 Zug

          Switzerland

Phone:    +41 41 729 10 10

E-mail:ir@zugestates.ch

Internet: www.zugestates.ch

ISIN:     CH0148052126, CH0148052118

Valor:    A1J0M6

Listed:   Regulated Unofficial Market in Stuttgart; Open Market in Frankfurt ;
SIX Swiss Exchange


End of News EQS Group News Service
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