Early contract extension with the main tenant of the Escher-Wyss area
Allreal and MAN Energy Solutions Schweiz AG have extended the rental contracts for the office and commercial space on the Escher-Wyss site in Zurich-West by five years at an early stage. This means that the area will remain one of the largest industrial locations in the city of Zurich in the future.
Allreal acquired the Escher-Wyss-Areal in 2002 and has been MAN ever since
Energy Solutions Schweiz AG (“MAN”) the main customer on the 38,362 square
meter plot of land in Zurich-West with a usable area of around
87,000 square meters.
The long-term partnership between MAN and Allreal is being continued,
in which the lease, which expired on December 31, 2023, was prematurely extended by five years to at least December 31, 2028 under the same conditions as before. This involves around 32,000 square meters of commercial and storage space and around 11,500 square meters of office space.
This means that the Escher-Wyss-Areal will continue to be the largest private industrial site in the future.
location in the city of Zurich. According to the 2021 semi-annual report, MAN is one of Allreal’s five largest tenants, accounting for 6% of total rental income from commercial properties.
