at the end of January 2020, the Manor, pulling out of their flagship store at the Bahnhofstrasse in Zurich. After a year-long dispute with the landlord, Swiss Life, the tradition of the house had submitted last month to the termination. On Monday, property owner, Swiss Life informed on the future of your property on the Bahnhofstrasse.
The plans: Only three floors of the property are areas of sale. On the top four floors, then there’s no longer the usual household appliances, beds, or backpacks. After the rebuild it has only offices, for example, for law firms.
approximately 5500 square meters of exhibition space fall away. Only 4000 square meters remain to the Shopping get.
tag will cost 100 million Swiss francs
There are between seven and ten Shops. During the allocation of the rental space to pay attention to a good Mix between vendors in all price ranges and demand from customers, assure the Swiss-Life-responsible. High-end boutiques, Fast Food chains and Pop-up Stores: Everything under one roof is planned.
To trademarks and company names, the Swiss Life say nothing. It is speculated that Apple will return back to the Bahnhofstrasse. On the ground floor, about ten Shops to move in. Well, a big occupy part of this land Restaurants. It is more than ever in the direction of gastronomy in the Bahnhofstrasse, said the Swiss Life chief recently in an Interview. He also presented the prospect of space on the ground floor to merge, if a new tenant wished to.
It is assumed that all areas can be rented. “As it became known, that the Manor strip off at the end of January 2020, are the phones hot run,” says Stefan Mächler, chief Investment Officer of Swiss Life. The question of whether you would rent out commercial land at the Manor, were the project managers go unanswered.
More than three times the amount of rental income
The tag is also one of the leading real estate owner in Switzerland well worth it for the life insurers, While Manor has annually paid approximately 6 million Swiss francs of rent, to increase the rental income in the future, more than three times.
After a short inspection phase, Swiss Life intends to start next spring with the tag. The company anticipates a construction period of two to three years. The total cost for the reconstruction amounts to around 100 million Swiss francs.