SRG property on Giacomettistrasse in Bern is sold
SRG has sold the General Directorate building at Giacomettistrasse 1 in Bern. Mobiliar became the new owner as of April 1, 2012. SRG will lease the entire building back on a long-term basis.
The Giacomettistrasse site in Bern will therefore remain the Group's headquarters, as SRG writes in a press release issued on Thursday. The parties have agreed not to disclose the details of the contract.
SRG will use the liquidity freed up to invest in new production resources and reduce debt, the statement continues. The decision to sell the building is in line with the SRG real estate policy approved by the Board of Directors. This policy provides for the sale of administrative buildings that are not essential for the direct production of radio and television broadcasts. SRG's aim is to manage the real estate more cost-effectively in the long term.
