New high-rise project boosts housing supply near the station
Zurich-based real estate investor Pensimo has acquired a building plot near Zurich Oerlikon railway station from ABB. The plot is to be developed into a complex comprising 500 flats, including a high-rise building.
Pensimo Management AG, based in Zurich, has acquired a building site from ABB in Oerlikon through its investment foundations Turidomusand Pensimo. According to a press release, the company plans to build a complex with 500 apartments, including a high-rise building and commercial premises, on the north side of Oerlikon railway station on the newly designed Max-Frisch-Platz.
“We are very pleased with the acquisition of this property,” said Stefanie Krautzig, transaction manager at Pensimo, in the press release. “This is a very rare investment opportunity for a development project of this size in such a central location.” The building regulations for Neu-Oerlikon, which were partially revised in 2022, provide a good basis for planning and developing the area. “In order to evaluate an architectural solution for this central and prominent location that is attractive to the public and future residents, we will launch a competition among teams of planners,” said Krautzig.
Construction is expected to begin in 2029. The seller, ABB, is also pleased with the sale of the former industrial site and is convinced that “this will contribute to the further development of Zurich Oerlikon into a lively and diverse neighbourhood,” said Nora Teuwsen, Chair of the Executive Board of ABB Switzerland.