CH Media examines the sale of the print shop building in St. Gallen Winkeln
The media company CH Media plans to explore the sale of its printing facility in St. Gallen Winkeln. According to a statement, however, the media company intends to maintain its presence at the St. Gallen printing site in the future. As such, a long-term lease-back of the space it currently occupies would be an integral part of any potential transaction.
A real estate company has been commissioned to examine and evaluate "a possible real estate transaction", CH Media wrote in a press release on Thursday.
Michael Wanner, CEO of CH Media, is quoted as saying that the company does not want to tie the financial resources to the property, but rather invest in its core business and in the further development of its media offerings. The newspaper printing business remains part of the core business.
CH Media prints daily and weekly newspapers at its site in St. Gallen Winkeln. The property also contains office and storage space. The media company uses most of the industrial space itself, while the majority of the office space is leased to third parties.
In 1999, the St. Galler Tagblattwhich now belongs to CH Media, the former Huber & Suhner AG plant in St. Gallen Winkeln. A new newspaper printing and forwarding center was subsequently built on the former factory site. (SDA/swi)
