City of Zurich misses out on SRG property sale
According to the SonntagsBlick, the SRG gave preference to the insurer Swiss Life in the sale of a property on Hagenholzstrasse in Zurich, even though the City of Zurich, for example, was also interested in the property.
The city's property management confirmed to the Newspaperthat it had wanted to acquire the land as a strategic land reserve in a development area. The city needs such land for the construction of schools, kindergartens, day nurseries or crèches, but also to increase the share of non-profit housing.
But in the bidding process, the city had not been able to compete on price. The city's offer was 40 million francs. The Swiss Life Group, on the other hand, put 81 million francs on the table for the site, i.e. 12,717 francs per square meter. The insurer wants to use the site primarily for the construction of apartments.
As SRG's head of communications Edi Estermann explained to Sonntagsblick, the liquid funds were urgently needed: "Without the sale of the property, SRG would have had to report a loss in 2018." (hae/SDA)
