Traditional property in Horgen changes hands
Swiss Life is buying the Bocken seminar hotel and country estate in Horgen from UBS. The property went to UBS as part of the takeover of Credit Suisse. However, the major bank has its own conference hotel, the UBS Center for Education and Dialogue Wolfsberg.
UBS is ceding the Bocken seminar hotel and country estate in Horgen to the Swiss Life Group. A corresponding contract has already been signed, UBS announced in a press release. The purchase price for the property has not been disclosed.
The former Credit Suisse training centre in Horgen was transferred to UBS as part of the merger of the two major banks. However, UBS operates its own training centre, the UBS Center for Education and Dialogue Wolfsberg in Ermatingen TG. Since its reopening in 2020, this centre has also had greater capacity for seminars and events than the Bocken training centre in Horgen. This means that UBS no longer needs the Bocken seminar hotel.
Swiss Life intends to use the “historic country estate” primarily “for internal events and further training”, explains Group CEO Matthias Aellig in the press release. “We also want to open up the Bocken to external guests.” According to Sergio P. Ermotti, CEO of UBS Group AG, the takeover of the Bocken seminar hotel by the Swiss Life Group “creates the best conditions for all parties involved and for the region to ensure that this wonderful property can continue to be run sustainably in the future”.