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Baloise acquires Giessen site in Dübendorf
Media releases Baloise acquires Giessen site in Dübendorf
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
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About Baloise The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and personal transport, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8.8 billion in 2022 and a profit of CHF 548 million. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.
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