HIAG successfully executes its divestment strategy: Accelerated implementation of portfolio optimisation Donnerstag, 02. Dezember 2021 - 06:56

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Basel, 2 December 2021 - In the context of the announced divestment strategy, as of 1 December 2021 HIAG sold non-strategic properties worth approximately CHF 60 million (fair value) at a profit in the current attractive market environment. With the sale of the properties in Aigle, Basel, Biberist, Bremgarten and in the Zurich Oberland area, a major part of the divestment volume planned until the end of 2022 has already been realised.

The new funds further strengthen HIAG's flexibility and entrepreneurial clout following the successful share placement in November. In view of the positive course of business, HIAG remains committed to the targets communicated in the half-year report in August 2021.

About HIAG
HIAG is a leading real estate company listed on the SIX Swiss Exchange that has a real estate portfolio with a total value of CHF 1.8 billion. Based on the real estate portfolio's land area of 2.7 million m² and current usable area of 467,000 m², HIAG has an outstanding development pipeline with an additional usable area of around 783,000 m² with 60 projects and an expected investment volume of around CHF 2.9 billion. The portfolio comprises 46 sites with well-developed office, commercial and logistics properties as well as selected residential properties in future-oriented growth regions of German and French-speaking Switzerland. HIAG generates a stable rental income from its real estate management activities and and creates long-term value potential through active portfolio management and the development of attractive destinations.