Ina Invest completes acquisition of Ceres Group
Ina Invest has completed the acquisition of Ceres Group Holding AG. This means that the real estate company owns the Buss site at Pratteln station with the Bredella development project. The new owner wants to convert this into a residential area over the next 20 years.
Ina Invest has completely taken over the Ceres Group. The real estate company based in Opfikon is the majority owner of the Ceres Group based in Pratteln, according to a press release .
The heart of the acquisition is the Buss site at Pratteln station with the Bredella development project. The commercial and industrial park with an area of more than 80,000 square meters is to be converted into a city district with 70 percent residential space and 30 percent commercial space over the next 20 years. Ina Invest wants to build more than 1000 apartments there.
The transaction was announced on December 16, 2021. Part of the purchase price, about which confidentiality was agreed, was paid by Ina Invest in treasury shares. In addition, 886,656 titles were issued. After completion of the transaction, Ina Invest’s share capital will be around CHF 292,000, divided into 9.75 million registered shares.