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Basel, January 29, 2020. Baloise has acquired two plots of land as part of the Giessen development in Dübendorf. Plans for the approximately 35,000 square metre site include the construction of 500 new homes, as well as commercial units and green spaces, by 2026.

“I am delighted that the acquisition of the Giessen site will allow Baloise to create attractive and environmentally sustainable residential space in Dübendorf. The planned 500 or so homes will be built to the highest Minergie standards and provide space for the individual needs of a wide range of the population,” says Matthias Henny, Chief Investment Officer of the Baloise Group.  

The acquisition of the land and the planned development expands Baloise’s investment portfolio of rented property in highly attractive locations. The Giessen site in Dübendorf is easily accessible by local public transport and by road, and is considered one of the most promising areas for development in the region. The first tenants are expected to move in by autumn 2026. 

The parties have agreed not to disclose the purchase price.

*Minergie-P-ECO
About Helvetia Baloise Helvetia Baloise is Switzerland’s largest multi-line insurer and one of Europe’s leading insurance groups. Every day, more than 22,000 employees work hard to support around 13 million customers with insurance, pension, and financial solutions. These customers range from individuals and small to medium-sized enterprises (SMEs) through to international customer groups, which also benefit from areas such as specialty insurance and reinsurance. Headquartered in Basel, Switzerland, Helvetia Baloise operates in eight European markets and in global specialty markets, combining its strong Swiss roots with a clear international focus. Helvetia Baloise creates safety and security and opens up opportunities, both today and in the future. Through profitable growth and business operations that are geared to long-term stability, we create tailored solutions for our customers, provide an attractive and reliable investment for our shareholders, promote strong partnerships and offer rewarding career prospects for our employees. Helvetia Baloise Holding Ltd shares (HBAN) are listed on the SIX Swiss Exchange.
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