Last key building in the airport area now belongs to one hand

Flughafen Zürich AG has purchased the building of the Radisson Blu hotel chain for CHF 155 million in an early reversion. The property will continue to be used as a hotel and office building.
Flughafen Zürich AG has announced the takeover of the Radisson Blu building in a press release. The previous owner, Al Maha Real Estate AG, has handed over the property in full for the purchase price of CHF 155 million. This is the last site within the airport perimeter that has not previously belonged to Flughafen Zürich AG.
According to the press release, the building, which was constructed under building rights from 2005 and inaugurated in 2008 and is home to the Radisson Blu hotel chain as well as offices and a meeting and conference centre, was subject to a building rights agreement until 2080, which was terminated prematurely following its reversion to Flughafen Zürich AG. The rental agreement with Radisson Blu will continue. Hotel operations are to continue. In addition, there will be no changes to the existing utilisation.
The strategic idea behind the complete takeover of ownership is the development and growth objectives of Flughafen Zürich AG in the central airport perimeter.