Zug / Rotkreuz, 04.11.2022

Zug Estates acquires Renggli Holding AG

Zug Estates Holding AG has acquired 100 % of Renggli Holding AG, with retroactive effect from 1 October 2022.

Zug Estates Holding AG is acquiring 100% of the shares in Zug-domiciled Renggli Holding AG, which owns 12 properties in the Zug and Rotkreuz areas, with retroactive effect from 1 October 2022. This has been reported in a communication from Zug Estates.

The acquired real estate portfolio, with a residential share of almost 50% and a value of around CHF 110 million, includes a commercial property in Zug and a development area of over 19,000 square metres with residential and commercial properties in Rotkreuz, which is directly adjacent to the Suurstoffi site. The annual rental income amounts to more than CHF 2.6 million, and the vacancy rate as of 30 September 2022 is around 0.2%.