TX Group creates real estate division
The media group is transferring its real estate portfolio to an independent business unit. In the process, options for an optimal ownership structure are also being examined, according to TX Group.
At its 2022 Investor Day, held on December 6, TX Group announced, among other things, that it will establish the real estate portfolio as a separate division at group level. According to a TX Group statement, the real estate will be managed in a separate profit-oriented division at group level from the beginning of next year.
According to the TX Group, the portfolio includes "three printing centers in Zurich, Berne and Bussigny, as well as four office buildings in Zurich and Berne in attractive locations."
It offers enough potential for stand-alone development, but various options for the optimal ownership structure are being explored, TX Group said. (ah)
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