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The real estate fund UBS Anfos invests primarily in residential property in German-speaking Switzerland and - with a total fund volume of over CHF 1.2 billion - is one of the largest Swiss real estate funds.
Just a few years ago, the area to the southwest of Zurich-Oerlikon train station was an exclusively industrial zone. Recently, however, Zurich-North has acquired a totally new image, with the site that previously accommodated production plants now home to inviting parks and attractive residential and office buildings. In addition to living and working, the cultural facilities of this part of the city are also being steadily expanded.
In the heart of this new area a residential and commercial building, which will facilitate a wide range of different uses, is currently under construction at Max Bill-Platz. In addition to 48 rental apartments, shops and other commercial space are also being produced, a large proportion of which has already been rented. There will be a branch of the German retail chain ALDI, a Chinese restaurant, a hairdresser's and even a day nursery, and around 500 m2 is still available for other commercial users.
The majority of the new building will be devoted to a seniors residence to be run by Senevita AG, with around 120 residential units in the medium price segment being made available to elderly people. The common rooms of the home will be on the ground floor, with the apartments and the nursing department above them on the first to fifth floors.
The construction project, with usable space of around 20,000 m2, is being implemented by Atelier WW, Zurich (architect) and the general contractor Allreal AG on land measuring 12,400 m2. The investment volume stands at CHF 95 million, and Primogon AG is responsible for development and marketing. Completion is planned for mid-2006. The two parts of the building (apartments and seniors residence) each surround an inner courtyard that is flooded with light and provides residents and the public with both an oasis of peace and an area in which to communicate. This promising real-estate project, usage of which is to be divided up into 60% seniors residence, 35% residential and 5% commercial space, is a further landmark in the up-and-coming area of Zurich-North.