EQS-Adhoc

Metall Zug Group: New office building for VZ Depository Bank at Tech Cluster Zug - Seite 2

Urban Assets Zug Ltd will develop CreaTowers East and CreaTowers West as a combined project. CreaTowers East will serve as the headquarters of VZ Depository Bank Ltd. CreaTowers West will be constructed later in a second step and is intended for urban and residential use, among others. A joint underground car park is planned for the entire CreaTowers development.

The architectural design competition should be completed in 2021 and the building application submitted in 2022 so that CreaTower East will be ready for occupancy by 2025.

About the Tech Cluster Zug

The Tech Cluster Zug is being created on V-ZUG Ltd's main site in the city of Zug and sends out a clear signal about the future of industry in Switzerland. With the intent of strategically transforming the production site, V-ZUG is currently taking steps to modernize its production facilities and concentrate them geographically in the north of the site. This will facilitate the development of an attractive ecosystem, where additional industrial enterprises, technology-related services, start-ups, as well asresearch and educational institutions can take up residence. The project's aim is to create a future-proof urban area that strengthens Zug as a location for industry and positions itself as a sustainable site with construction, mobility and energy supply solutions that point the way forward.

 

About VZ Depotbank Bank Ltd

VZ Depotbank Bank Ltd is part of the VZ Group (VZ). VZ is a Swiss financial services provider and shares of VZ Holding Ltd are listed on SIX Swiss Exchange. Retirement planning and inheritance advice, wealth management for private individuals and the management of company insurance and pension schemes are the key services provided by VZ Group. VZ Holding AG is headquartered in Zug, and the VZ Group is present at a further 34 locations throughout Switzerland and in Germany.