Metall Zug has concluded financing for the further development of the Tech Cluster Zug through a syndicated loan agreement for CHF 220 million with an increase option of CHF 50 million. The financing arrangement, secured with a consortium of banks led by Zürcher Kantonalbank, will support the ongoing development of TCZ for the upcoming four years with a one-year extension option. This substantial financial backing comes as the financing requirements of the Metall Zug Group have steadily increased over recent years due to the cluster's expansion. The loan facility serves to refinance existing bank loans and secure financing for upcoming real estate projects, with the credit secured by a mortgage featuring an agreed maximum loan-to-value ratio of 45%.
Various real estate projects on the Tech Cluster Zug site have continued to make encouraging progress throughout the current year, demonstrating the strategic importance of this financing arrangement. The SHL project represents a significant milestone in the cluster's development, with the building shell scheduled for completion by the end of 2025. Handover of the combined production and office building is planned for mid-2026, showcasing the feasibility of industrial production in an urban context directly adjacent to V-ZUG. The long-term lease agreement associated with this project ensures stable cash flows for the development.
Another key development, the CreaTower I project, has received its building permit and groundbreaking has already taken place. Completion of the building shell is scheduled for 2028, featuring innovative RFS ceilings that demonstrate significant environmental advantages. These specialized ceilings have substantially less mass compared to conventional ceiling systems, resulting in a saving of approximately 46% in CO2 emissions. The planned sale of the building to VZ Depository Bank in 2028 is expected to generate an appreciation gain, as the associated land is recorded at historical acquisition costs.
Project Pi represents a core element in the sustainable development vision for the Tech Cluster Zug, focusing on creating affordable housing in the center of Zug within walking distance of the tech cluster. The project emphasizes attractive and innovative high-rise living within vertical communities, with architecture precisely tailored to the location. Despite an administrative complaint filed in March 2025, the Tech Cluster maintains its commitment to Project Pi and the GIBZ development plan, underscoring the long-term strategic importance of this mixed-use development approach. The financing arrangement and project progress highlight Metall Zug's continued investment in transforming the Tech Cluster Zug into a comprehensive ecosystem that integrates industrial production, commercial space, and residential living. This approach represents a modern urban development model that balances economic growth with environmental considerations and community needs. Further information about the company's developments and announcements is available through their official channels at https://metallzug.ch/en/media.
