Since the start of the project in June 2023, implementation has been proceeding according to plan. After completion of the civil engineering work in May 2024, both the shell structure and the roof were completed on schedule. The interior work has now started, the façade design on the west wing has been completed, and the north wing is at an advanced stage. The entire development is scheduled for completion in summer 2026.

Urban living with comfort

The property comprises a total of 147 rental apartments with a broad residential mix. The offer ranges from 1.5-room apartments to spacious 3.5- and 4.5-room apartments. The majority of the apartments are being kept compact deliberately and meet the current demand for urban living space. The residential offering will be complemented by residential studios and retail space on the first floor, where a Coop store of around 650 m² is to be opened.

Central location in the Tribschen district

The project is located in the Tribschen district, around one kilometer from the city center and Lucerne railway station, close to Lake Lucerne. The location offers good accessibility by public transport, as well as short distances to shopping facilities, schools and local recreational areas. The Coop store on the first floor strengthens the local supply in the neighborhood and is complemented by a spacious bicycle parking area. In the future, all parking spaces will be underground and deliveries will be made behind closed doors – a contribution to greater peace and security in the neighborhood.

Facts & Figures:

  • Construction time: June 2023 to summer 2026
  • Tenants move in: from fall 2026
  • Investment volume: approx. CHF 76 million

With the “LOU” project, the CSA RES Commercial investment group is diversifying its portfolio with a residential property in a central location. The potential of the site is now being exploited in comparison to its previous underutilization. The development of the new building strengthens the earnings base in the portfolio and contributes to the increase in value. The project impresses with its architectural quality, functional orientation, and clear anchoring within the neighborhood. It makes an active contribution to the further development of the fund portfolio and to urban development in Lucerne.1

Only tax-exempt pension schemes domiciled in Switzerland are admitted as direct investors in accordance with the investment foundation’s charter.

Porträt von Murat Saydam

Murat Saydam
Fund Manager since 2018

CSA Real Estate Switzerland Commercial

Valor 11354362

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