Cosmos construction project goes to real estate fund
A Credit Suisse real estate fund will take over the Cosmos construction project from Mobimo. Four buildings with residential and commercial space are being built here on Zürichstrasse in Dübendorf. Construction work on the approved project is scheduled to begin this month.
Mobimo is selling its building-approved Cosmos project in Dübendorf to a real estate fund managed by Credit Suisse , the Lucerne real estate company informed in apress release . In 2000, Mobimo acquired the corresponding property on Zürichstrasse. Instead of the commercial building that existed at the time, four new buildings with a total of around 170 apartments as well as areas that can be used for offices, businesses or sales are to be built.
Construction work is scheduled to start this month. In the late summer of 2023, the buildings complying with the Sustainable Building Switzerland Standard (SNBS Gold) and the greenproperty seal of approval should be completed. Among other things, a photovoltaic system and a geothermal probe will be installed, explains Mobimo.
“We have developed a convincing new building project from an investment property with potential,” Mobimo CEO Daniel Ducrey is quoted in the press release. "Cosmos is a good example of the interaction between active portfolio management and internal development competence."