Schweiter sells RhyTech site in Neuhausen
(Thomson Reuters ONE) -
Schweiter Technologies /
Schweiter sells RhyTech site in Neuhausen
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The issuer is solely responsible for the content of this announcement.
Horgen, November 16, 2017 - 3A Technology & Management AG, a company belonging
to the Schweiter Technologies Group, has signed an agreement with Halter AG to
sell its investment property in Neuhausen. The transaction will generate a book
gain in the single-digit CHF millions for Schweiter Technologies.
In 2012, 3A Technology & Management AG and Halter Entwicklungen signed an
agreement to jointly develop the RhyTech site in Neuhausen. In October 2014 the
changes to the zoning plan required for the project entered into force, and the
related district plan was approved in 2016. The project encompasses the
development of residential and commercial spaces while retaining the historic
production building. Halter will continue to drive the development project
forward as planned after the transfer of ownership.
The transaction will be concluded once the legally valid entries in the land
register have been made, which is expected to take place before the end of 2017.
For further information please contact:
Martin Klöti, CFO
Tel. +41 44 718 33 03, fax +41 44 718 34 51, martin.kloeti(at)schweiter.com
Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Tel. +41 44 718 33 03 Fax +41 44 718 34 51 info(at)schweiter.com
www.schweiter.com
Please find the Media release in the PDF attached:
Media release (PDF):
http://hugin.info/100347/R/2150370/825385.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schweiter Technologies via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 16.11.2017 - 17:33 Uhr
Sprache: Deutsch
News-ID 568846
Anzahl Zeichen: 2214
contact information:
Town:
Horgen
Kategorie:
Business News
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