29 October 2009
Thanks to the merger with the Jelmoli group in 2009, Swiss Prime Site becomes Switzerland's leading real estate company. There are around 130 Jelmoli properties, with a value totalling CHF 4.1 billion. They are mostly situated in popular central locations in economically attractive Zurich, Basel and Geneva. By acquiring the Jelmoli store on Zurich's Bahnhofstrasse, Swiss Prime Site also becomes a department store owner. Jelmoli – The House of Brands manages around half of the space itself, while the other half is rented out to third-party concessions.