Dübendorf: Innovation Park gets half a billion
Several banks are providing the major project with a loan that can be drawn down in stages. The first major new-build phase will create 100,000 square meters of floor space.
Switzerland Innovation Park Zurich, which is being built on an airfield site in Dübendorf, has secured a loan of CHF 445 million for its further development. Under the leadership of Zürcher Kantonalbank and together with Luzerner Kantonalbank and Liechtensteinische Landesbank, a syndicated loan has been put together that can be drawn down in stages. «Together with the cantonal commitment loan and the ongoing investments of the private shareholders, this will create the financial basis for the further realization of Sectors A and B at the Innovation Park Zurich,» said the Innovation Park in a press release. «This successful transaction underlines the great confidence in the Innovation Park Zurich and its long-term potential for Zurich and Switzerland as a business location,» commented Christof Domeisen, Chairman of the Board of Directors of IPZ Property AG, which owns the site.
New-build floor space of 100,000 sqm planned
The peripheral zone (Sector A) is already largely completed and in operation. ETH Zurich, the University of Zurich and the first users from industry in the fields of robotics, autonomous systems, space and life sciences have moved into their research and development units at the site. The ground-breaking ceremony for the first new building phase (Sector B) took place in fall 2025, with the opening planned for summer 2027. Construction of the next new building is expected to start in summer 2026. According to current planning, the development and realization of the peripheral zone and the first new construction phase will be completed by 2032. The new-build sector - i.e. Sector B - will then have a floor area of around 100,000 sqm. «Concrete negotiations are currently underway with potential tenants who fit the profile of the Innovation Park Zurich,» says IPZ.
