Steiner sells the "Widacher" project to Fortimo
The real estate developer Steiner AG is selling the entire Widacher project in Fischbach-Göslikon, which will be implemented in three stages and comprise a total of 165 residential units, to Fortimo Invest AG. Fortimo will begin with the realization of the first phase, which has already been approved for construction, in the coming year.
During the first construction phase, Fortimo will build 16 terraced houses and 42 apartments in the Minergie standard. The latter are spread across three apartment buildings that are being newly built, as well as two existing listed buildings. The new quarter will have attractive housing offers, private retreats and communal meeting areas. Right from the start, Steiner AG pursued the goal of transforming a fallow industrial area into a new, livable place to live in the countryside. Existing listed buildings such as the barn and the old post office were carefully integrated into the project and are now being revitalized as part of the implementation for living and common rooms.
Focus on real estate development
Due to a portfolio adjustment, Steiner AG decided to sell the site development, which has already been approved in part, before the execution phase. Michael Schiltknecht, Co-CEO of the Steiner Group, is very pleased about the successful transaction: “With Fortimo we can hand over this great project to a long-term partner company, which ensures the successful implementation and further development of this attractive residential development.” He adds: “We have developed a convincing new building project with great potential from a former industrial site, the success story of which is now being continued by Fortimo.”
A major project in three stages
The construction of the first stage will start in summer 2022 if the project goes according to plan. The overall project, which consists of three stages and will one day include 165 residential units in 10 multi-family houses and 46 row single-family houses, will be completed in the next few years.
Rural yet central
The proximity to Zurich, an independent village character and a colorful club life make the Aargau community of Fischbach-Göslikon particularly attractive as a place to live. The Widacher area is in a quiet location and scores with a wonderful view and excellent transport links. From here, the public schools, shops and the natural banks of the Reuss with their sandbanks can be reached quickly on foot.
Steiner AG
Steiner AG, one of the leading project developers as well as total and general contractors (TU / GU) in Switzerland, offers comprehensive services in the areas of new construction, renovation and real estate development. The company, founded in 1915, has built over 1,500 residential construction projects, 540 commercial properties, 45 hotels and 200 infrastructure facilities such as universities, schools, hospitals, old people’s homes and correctional facilities. Steiner AG is headquartered in Zurich and has branches in Basel, Bern, Geneva, Tolochenaz and Lucerne.
Fortimo AG
Fortimo creates added value with joy and enthusiasm, regardless of whether you develop, hold or operate real estate. Responsible and sustainable, the more than 80 Fortimo employees at the new headquarters in St.Gallen generate annual added value of well over CHF 200 million. In 2020 Fortimo built more residential units than ever before, and at the beginning of 2021 the properties it owns exceeded the billion mark. The combination of investment, development and operation creates valuable synergies that ultimately benefit the users of the real estate.