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EQS-Ad-hoc: Ina Invest Holding AG / Key word(s): Mergers & Acquisitions/Real Estate Ad hoc announcement pursuant to Art. 53 LR
Glattpark (Opfikon), 16 December 2021 - Together with its investment partners, Ina Invest as majority owner takes over CERES Group Holding Ltd. belonging to Lucerne entrepreneur and investor Hermann Alexander Beyeler, complete with the 'Bredella' development site in Pratteln, which is to be transformed from an industrial and commercial park into a lively urban district including 70% residential space in the next 20 years. The agreements were signed on 15 December 2021 and provide for the closing of the transaction in January 2022. The parties to the contract have agreed not to disclose the purchase price. By making this acquisition, Ina Invest has significantly accelerated its growth and strengthened its market position. The core of the real estate portfolio of CERES Group Holding Ltd. is the Buss site at Pratteln railway station with the 'Bredella' development project. With a surface area of 82,600m2 and a viable floor space of 172,500m2, the site is to be transformed into a lively central quarter with 70% residential space (more than 1,000 apartments) and 30% commercial space in the next 20 years. After the development, the market value of the property will increase from around CHF 300 million today to more than CHF 1 billion (including freehold apartment projects). Hermann Beyeler finalises his business succession with the sale and becomes a shareholder of Ina Invest With the acquired real estate portfolio, mortgages of around CHF 110 million will be transferred to the buyers. Part of the purchase price will be paid by Ina Invest in the form of shares from the authorised share capital (under exclusion of subscription rights) at a price of CHF 22.00 per share, which represents a premium of 17.9% compared to the closing price on 15 December 2021. In total, Ina Invest transfers shares amounting to 10% of the current share capital to Hermann Beyeler, who thus takes a long-term stake in the company: 'I look forward to remaining associated with the 'Bredella' project and helping to shape the development of Pratteln as a residential community.' The investment in Pratteln is in line with Ina Invest's strategy and its focus on hybrid real estate. In addition to Lokstadt in Winterthur, which is already at a very advanced stage, Ina Invest now has another lighthouse project for sustainable site development in Northwestern Switzerland: 'By transforming this industrial and commercial site into a mixed-use district, we will be meeting the demands of Swiss population growth to the 10-million mark while at the same time providing much needed commercial space in Pratteln', says Ina Invest CEO Marc Pointet. 'Points in favour of the location include Pratteln's excellent transport links as well as an increasing trend towards inward densification that is strengthening urban agglomerations. We want to tap into this area's enormous potential and - particularly in view of its rich history - lead it into an 'inavative' future as a lively and versatile space for homes, jobs and living.' The 17 employees of Buss Immobilien und Services Ltd. will be taken over by Ina Invest and will continue to be responsible for the administration and maintenance of the Buss Industrial Park. In the course of development, the current tenants will be offered suitable space to allow them to remain on the site. HRS Real Estate Ltd., which was previously responsible for the 'Bredella' project development and played a significant role in the success of the transaction, will realise around 50% of the planned construction sum as a general contractor. Ina Invest will hand over further project development to its partner Implenia, which will also carry out 50% of the construction volume. Ina Invest CEO Marc Pointet looks forward to the cooperation: 'The combination of HRS and Implenia promises a unique blend of development and execution expertise in a project that is of great importance to both Ina Invest and the Pratteln region.' 
Today, the Buss industrial and commercial park is home to 100 companies that provide some 1,100 jobs. (Image: Bredella Ltd.) 
The 'Bredella' development site in Pratteln is to be transformed into a lively urban district including 70% residential space in the next 20 years. (Image: Bredella Ltd.) Schedule Further information on the Buss site and the 'Bredella' project Ina Invest is a Swiss real estate company created from the spin-off of half of Implenia's development portfolio. Ina Invest is developing this initial set of projects in order to build up a portfolio of profitable properties, while continuing to make acquisitions to secure future growth. The properties have a varied usage profile, with a primary focus on residential developments, and are in very good locations all over Switzerland. Ina Invest plans to continue investing in and growing its portfolio. Thanks to its transparent collaboration with Implenia, Ina Invest benefits from the expertise of Switzerland's leading construction and real estate services provider. In the development and management of its portfolio, Ina Invest maintains the highest sustainability standards by taking a holistic view of the entire value chain and integrating sustainability across all phases. The company is listed on the SIX Swiss Exchange (INA, CH0524026959). More information can be found at ina-invest.com. End of ad hoc announcement |
| Language: | English |
| Company: | Ina Invest Holding AG |
| Binzmühlestrasse 11 | |
| 8050 Zurich | |
| Switzerland | |
| Phone: | 044 552 97 00 |
| E-mail: | info@ina-invest.com |
| Internet: | www.ina-invest.com |
| ISIN: | CH0524026959 |
| Valor: | 52402695 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1258501 |
| End of Announcement | EQS News Service |
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1258501 16-Dec-2021 CET/CEST
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