Publigroupe sells its property on Zurich's Holbeinstrasse

 Now that the employees of Publigroupe's "Media Sales" division based in Zurich have moved to "Baslerpark", the marketer has sold the property on Holbeinstrasse in the Seefeld district. The buyer is Züblin Immo AG. The two parties have agreed not to disclose the sale price, as detailed in a press release issued on Wednesday. For Publigroupe, the sale will result in a book profit after tax of around CHF 35 million. Publigroupe intends to retain ownership of the Neumühlequai property, which is in a prominent location right next to Central in Zurich. The property is to be let on a long-term lease.