Zurich: Parish Puts Building Rights Up for Bid

The Reformed Parish of Zurich owns several small residential properties in the city of Zurich that are no longer used for church purposes. Since residential development is not one of the parish’s core responsibilities, six properties are to be put out to bid under building rights.

«By granting building rights, the Zurich Parish intends to fulfill its financial responsibility and help ensure that sustainable housing can be created in the city of Zurich at reasonable costs,» the church organization explains. The call for bids for building rights is aimed at organizations «that can achieve significant benefits with a major impact through the skillful development of properties.» Eligible applicants include, for example, private groups, small housing cooperatives, or foundations.

Social and environmental considerations taken into account

The properties being offered for sale have small to medium-sized living areas. However, if the existing development potential is utilized effectively, they would offer significant potential for creating additional housing, according to the municipality. The ground rent is to be based on the financial capacity of the future leaseholders while also ensuring a reasonable return for the parish.

The contract will be awarded through a two-stage process based on economic and qualitative criteria. In addition to the amount of the building lease fee, social and environmental factors will also be taken into account when awarding the contract. Current tenants may remain in their apartments for at least two years until a legally binding building permit is issued. Finally, the parish council must approve the building lease agreement.