BAAR, Switzerland (August 2, 2012) — Hapimag has purchased an empty plot of land on Sumpfstrasse in the industrial estate of Steinhausen to build its own headquarters. The company is planning to move into the new facilities by the beginning of 2015 at the latest. The construction of the new building will have no effect on the development of the resort portfolio of Hapimag.
Hapimag has been renting its offices at its current location in Baar in the Canton of Zug since May 1990. “We have been considering a purchase of land to build our own company premises to fulfil our needs and expectations for quite some time”, says Kurt Scholl, CEO. The plan is to build a two-storey office building with underground parking. The new building will also have space for a crèche and staff restaurant, as at the current headquarters. The location has excellent connections to public transport, which will even be improved further in the coming years. A bus stop is expected to be placed directly in front of the new headquarters and motorway access is also nearby.
With this new building, Hapimag is pursuing the goal of lowering its office costs in the long term. The new building will be largely financed by a mortgage at today’s historically low interest rates. Only a small amount of the company’s own capital will be used to finance the project and this would have had to have been spent anyway on the existing office building, which requires modernisation. Furthermore, Hapimag will implement the latest energy standards in the new building in order to optimise energy consumption in the long term and lower costs.
Since only a small amount of the company’s capital will be used to finance the building, the new building will have no effect on the company’s future investment in resorts and residences.
An architectural competition is currently taking place and the building permit should be submitted by the end of the year. The aim is to start building the new office building in spring 2013. “We hope that the project goes according to plan and that we can move into the new office building at the beginning of 2015,” says Kurt Scholl.