EQS-News: Zug Estates Holding AG (B)

EQS-News: Risch Municipal Assembly approves adjustment to development plan

EQS Group-News: Zug Estates Holding AG / Key word(s): Real Estate Risch Municipal Assembly approves adjustment to development plan

30.11.2016 / 06:50

---------------------------------------------------------------------------

Yesterday evening, the Municipal Assembly of Risch Rotkreuz agreed to the adjustment to the development plan for Langweid, now Suurstoffi West. This is another milestone in the development of the Suurstoffi site.

At their assembly yesterday, the voters of Risch Rotkreuz approved the adjustment to the development plan for Langweid, now known as Suurstoffi West. This is another important milestone in the development of the Suurstoffi site. However, the modified development plan will only come into force when it has been approved by the Cantonal Government, which is expected in the first half of 2017.

"We are delighted with the residents' confidence, and believe that the result of the vote confirms the high-quality, sustainable development of the site", says Tobias Achermann, CEO of Zug Estates, the land owner concerned. The Suurstoffi West development plan allows for higher-density construction directly adjacent to the rail station in the western part of the site. Based on the public project competition, three buildings are to be created in this key urban location - including a 60 m high-rise - which will provide space for the Zug-Rotkreuz campus of Lucerne University and additional service-sector activities. It also envisages connecting the municipality of Risch's planned eastern footbridge, which will also link both districts and provide access to the rail platforms.

Downloads: Press photos of Suurstoffi: http://zugestates.ch/de/home/main/medien/ downloads/pressefotos-suurstoffi

Upcoming events: March 10, 2017 | Publication of Annual Report 2016 April 11, 2017 | Annual general meeting of shareholders September 1, 2017 | Publication of half-year results 2017

For further information, please contact: Tobias Achermann, CEO, tobias.achermann@zugestates.ch, T +41 41 729 10 10 Gabriela Theus, CFO, gabriela.theus@zugestates.ch, T +41 41 729 10 10

About Zug Estates The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on centrally located sites suitable for a wide range of uses and with potential for sustainable development. A large part of the real estate portfolio is located at two sites in Zug and Risch Rotkreuz and is broadly diversified by type of use. The Group also runs a city resort in Zug incorporating the two leading business hotels Parkhotel Zug and City Garden, augmented by a range of restaurant outlets. As at June 30, 2016, the total portfolio value was CHF 1.2 billion.

Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker symbol: ZUGN; securities number: 14 805 212).

---------------------------------------------------------------------------

Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=WMKVLMCCEF Document title: Press release

---------------------------------------------------------------------------

End of Corporate News

---------------------------------------------------------------------------

Language: English Company: Zug Estates Holding AG Industriestrasse 12 6300 Zug Switzerland Phone: +41 41 729 10 10 E-mail: ir@zugestates.ch Internet: www.zugestates.ch ISIN: CH0148052126, CH0148052118 Valor: A1J0M6 Listed: Regulated Unofficial Market in Stuttgart; Open Market in Frankfurt ; SIX Swiss Exchange End of News EQS Group News Service ---------------------------------------------------------------------------

524889 30.11.2016