Manor moves into the Jelmoli building
Swiss Prime Site has concluded a long-term lease agreement with the Manor department stores' group for the Jelmoli building. Manor's move into the Jelmoli building near Zurich's Bahnhofstrasse is a central component of the building's sustainable repositioning.
In February 2023, Swiss Prime Site decided to remodel and sustainably develop the Jelmoli building. The aim is to adapt the retail space to current market requirements and make the building fit for the future. In Manor, Swiss Prime Site has now found a long-term tenant that will ensure the long-term attractiveness of the building and the lower Bahnhofstrasse.
An inspiring shopping experience in the heart of Zurich
Manor will rent around 13,000 square metres of space and is expected to take over the ground floor, basement and first floor in 2027. Manor will open a flagship store here, which will be directly accessible from Sihlstrasse and Seidengasse. Roland Armbruster, CEO of Manor, promises an inspiring shopping experience with a varied and curated product range in the areas of fashion, beauty, home and living. A diverse range of restaurants will round off the shopping experience.
New office space and restaurants
Following the renovation, the upper floors of the Jelmoli building will offer around 20,000 m² of office space, providing a new top address in Zurich city centre. This office space will be complemented by a wide range of catering and leisure facilities. The newly designed roof terrace will provide additional space for catering outlets.
Partnership between Swiss Prime Site and Manor
The long-term rental agreement between Swiss Prime Site and Manor is a significant step for both companies. Manor will also contribute to the investments for the remodelling in order to create attractive retail space. Existing tenancy agreements, in particular with the Holmes Place fitness club, will remain in place during and after the renovation. Holmes Place will continue to offer its services to customers during the renovation phase. With Manor and Holmes Place, around half of the space has therefore already been let before the start of construction.
A unique meeting place for Zurich
René Zahnd, CEO of Swiss Prime Site, emphasises: “Our primary goal was to preserve the Jelmoli building as a unique destination and open meeting place. With the arrival of the Manor department stores’ group and its long-standing tradition, the Jelmoli building will be filled with new life for Zurich and the Zurich population and will shine beyond the city limits.”
The largest department stores’ group in Switzerland
Manor, the largest department stores’ group in Switzerland, is represented in all parts of the country and employs around 7,500 people. The Manor Group comprises 59 Manor department stores, 27 Manor Food supermarkets and 23 Manora restaurants. The company pursues an omnichannel strategy that combines online shops and services. Manor is sustainably profitable and is part of Maus Frères Holding, which also owns leading lifestyle brands such as Lacoste.
The repositioning of the Jelmoli building with the arrival of Manor marks an important step for the future of Zurich’s Bahnhofstrasse and emphasises the importance of Swiss Prime Site in sustainable urban development.