Allreal acquires land from Conzzeta on site of "Richti" development in Wallisellen

Thursday, 12. April 2007 17:30



Zurich, April 12, 2007 - Plazza Immobilien, a subsidiary of Conzzeta
Holding, is selling its land holding at the "Richti" development site
in Wallisellen to Allreal Generalunternehmung AG.

The plot of land, measuring 55,625 square meters, situated between
the Wallisellen rail station and the Glatt shopping mall, will enable
Allreal to round off its existing land holding to a total of 72,055
square meters. The real estate company now has reserve land for
development in a prime location with good infrastructure. As sole
owner of the Richti site, Allreal will commence work on an
appropriate development concept during the current year. The
potential investment volume is in excess of CHF 400 million.

Until 1988, a factory manufacturing concrete products which belonged
to Favre & Co. AG, a subsidiary of Conzzeta Holding's forerunner
Zürcher Ziegeleien, was located at the site. Conzzeta is expecting to
realize an extraordinary profit of CHF 51 million from the sale of
the property, which was the last significant land asset in the Zurich
region remaining from the earlier activities in the manufacture of
construction materials.

The parties have agreed not to disclose the purchase price.


For queries and further information:

Allreal Group Conzzeta Holding
Matthias Meier Emil Egger
Corporate Communications Corporate Communications
Phone +41 44 319 12 67 Phone +41 44 468 24 72
Mobile +41 79 400 37 72 Mobile +41 79 234 60 60
matthias.meier@allreal.ch emil.egger@conzzeta.ch


This news release is also available online:
www.allreal.ch and www.conzzeta.ch

The Allreal Group
Allreal has a real estate portfolio with stable revenues which it
combines with activities as a general contractor (project
development, realization, purchase and sale of properties). Its real
estate portfolio is valued at CHF 1.9 billion. Projects worth CHF 617
million were realized in fiscal 2006. Allreal has some 250 employees
based in Zurich, Basel, Berne and St. Gallen. The real estate
business of Allreal, with head office in Zurich, operates exclusively
in Switzerland. The shares of Allreal Holding AG are publicly listed.

The Conzzeta Group
Conzzeta Holding is an industrial holding company which is listed on
the SWX Swiss Exchange. Its core business areas are machinery and
systems engineering, consumer and industrial products (foam
materials, sporting goods and print finishing products) as well as
property management. In 2006, the member companies of the Conzzeta
Group, with a total of around 3,200 employees, generated revenues of
CHF 1.27 billion.


The news release can be downloaded from the following link:



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Conzzeta Holding
Giesshübelstrasse 45 Zürich Switzerland

WKN:
265798; ISIN: CH0002657986; Index: SPI, SSCI, SPIEX;
Listed: Main Market in SWX Swiss Exchange;
View document
Related Links: Conzzeta AG
Author:
Hugin
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