Swiss Life buys the Wagi site in Schlieren
The life science campus, which covers more than 14 hectares, is one of the largest sites of its kind in the Zurich region.
Swiss Life Asset Managers acquired GHZ Gewerbe- und Handelszentrum Schlieren AG on 10 December. The real estate company is the owner and developer of the Wagi site and was founded in 1984. The leading life science location in the greater Zurich area comprises 143,400 square meters of rental space. Around 250 companies and institutions from the life science sector with a total of more than 2,400 jobs are located on the site.
All employees will be kept on and the site will be retained, according to the press release. Walter Krummenacher, Managing Director of GHZ, will continue to oversee the development of the Wagi site. «We are very happy to have found a reliable partner in Swiss Life Asset Managers that shares our values and our long-term commitment to real estate and life science as a contribution to society,» he says.
«Swiss Life Asset Managers is convinced of the attractiveness and future strength of life science real estate, as it is of great importance for our economy and our society», comments Paolo Di Stefano, Head of Real Estate Switzerland at Swiss Life Asset Managers, on the transaction. According to the asset manager, the acquisition underlines Swiss Life AM's strategic focus on investments in real estate in the so-called «4Ls»: Living, Logistics, Light Industrial and Life Science & Tech.
