- ABB successfully completes the sale of a ~7,000 square-meter site in a prime central location next to Zurich Oerlikon railway station
- New owner Pensimo plans to develop around 500 apartments on the site, including a high-rise building and commercial space
- As a result, ABB will record a pre-tax operational capital gain of
~CHF 290 million in Q1 2026
ABB has successfully completed the sale of a ~7,000 square-meter property on a former industrial site in Zurich Oerlikon to real estate service provider Pensimo. Based in Zurich, Pensimo invests in real estate on behalf of Swiss pension funds.
By selling the property, which ABB no longer requires as a strategic land reserve, the company is enabling the further development of the Neu-Oerlikon district. Located at Max-Frisch-Platz in a prime central area, the site offers significant development potential under the special zoning regulations that were partially revised by the City of Zurich in 2022. Over the coming years, the former industrial area is to be transformed into a mixed-use district combining residential space, services, workplaces and cultural and commercial offerings. The new owner, Pensimo, plans to develop the site over the next few years with around 500 apartments, including a high-rise building and commercial space.
As a result, ABB will record a pre-tax operational gain on sale of ~CHF 290 million in the first quarter of 2026.
ABB will remain closely connected to Zurich Oerlikon, where the group’s global headquarters has been located since the merger of BBC and ASEA in 1988. Around 500 people are based at ABB’s headquarters today.
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com
