With the acquisition of the FCA Switzerland SA site at the end of September 2019, HIAG has secured an attractive redevelopment site in the up-and-coming Altstetten district of Zurich. The approximately 7,800 m² property is located in the five-storey residential zone and will allow high-quality development with around 16,000 m² of floor area. In the medium term, there is potential for the future use of attractive residential and commercial areas. HIAG has already concluded a preliminary contract with a retailer to lease approximately 1,800 m² of ground floor surface area. For the time remaining until the beginning of site redevelopment, a temporary use has been agreed with the Binelli Group. The car dealership with the premium brands BMW and Mini will seamlessly lease the entire site for a minimum period of three and a half years after FCA Switzerland has moved out. It will operate a service centre and a Mini showroom on Freihofstrasse during the renovation of its own premises on nearby Badenerstrasse. HIAG will push forward with site redevelopment during the temporary use phase.