Allreal acquires Rieter site in Winterthur
Ad hoc announcement pursuant to Art. 53 of the Listing Rules
Glattpark, 10 July 2023: Allreal is purchasing a property spanning 75,000 square metres on Klosterstrasse in Winterthur ZH from Maschinenfabrik Rieter AG. The sale is due to be notarised within the next few days. It is expected that ownership will be transferred in autumn 2023. The purchase price amounts to CHF 96 million.
The site in the Töss district of Winterthur is key to the city’s 2040 development plan. The area has excellent transport connections with train and bus stations and a motorway nearby. There is attractive long-term development potential for the site due to its excellent location in an area in transition.
The first step for Allreal will be to enter into a dialogue with the city of Winterthur and other relevant authorities to set out the framework conditions for future development. The plan is to transform the current industrial site into a modern office and residential area with supra-regional appeal and a nod to the pioneering days of the textile industry.
Rieter will not be going far, as the company is due to move into its new campus complete with head office and research centre – also being built by Allreal. Renowned companies from the technology and research industry will be based on site too. With this development Allreal will be securing jobs and creating new homes in the city of Winterthur in the long term.
All existing rental agreements will be transferred to Allreal, with vacant spaces set to be renovated and filled gradually over the next few years.
For further information, please contact:
Allreal Group Media Office
Chief Communications Officer
Tel. +41 44 319 12 67
Mobile +41 79 325 55 58
Allreal combines a stable-income property portfolio with the activities of a general contractor (development and realisation). The company’s property portfolio is worth around CHF 5.1 billion. During the 2022 financial year, the volume of projects completed by the Projects & Development division amounted to CHF 320 million. The property company employs more around 240 members of staff across Zurich, Basel, Bern and Geneva. With its registered office on Glattpark, Allreal operates exclusively in Switzerland. Shares in Allreal Holding AG are listed on the SIX Swiss Exchange.
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