Plazza expects higher profit
The real estate company Plazza AG expects a profit before revaluations of at least CHF 12.3 million for the current year - around 40 percent more than in the previous year.
According to Plazza, real estate income increased by more than a quarter. Both in the residential segment
According to the information provided, first-time lettings and re-lettings of vacant commercial space were
In the "Im Glattgarten" development in Wallisellen, which was completed in June, the 218 apartments were already fully let shortly after the start of first occupancy. The office space in the commercial property at Giesshübelstrasse 45 near Sihlcity is already fully let again, and in
The full occupancy of the office space at the Giesshübelstrasse 40 property is foreseeable.
Plazza also announces that Board member Jacob Schmidheiny will not stand for re-election at the upcoming Annual General Meeting on April 17, 2019. He has been a member of the Board of Directors of Plazza AG since it was founded following the spin-off of the real estate business from Conzzeta AG in June 2015 and is one of the representatives of the majority shareholders. Schmidheiny was Chairman of the Board of Directors of Conzzeta for 30 years and initiated the spin-off of Plazza. Felix Schmidheiny (born 1984) is to join the Board of Directors as a new member. According to Plazza, he has experience in corporate finance, corporate law and business development and is actively involved in various start-ups in Switzerland and abroad. (ah)
