SF Urban Properties Ltd: Successful sale of the "Kluspark" and "Sandreutergarten" promotional projects in Zurich and Riehen

By the end of January 2021, SF Urban Properties Ltd (SFPN) had registered all thirteen condominium units of the "Kluspark" promotional project in Zurich as well as all ten units of the "Sandreutergarten" detached property development in Riehen.

After the building permits became legally effective, SF Urban Properties Ltd successfully marketed the "Kluspark" and "Sandreutergarten" development projects in Zurich's District 7 and Riehen in the canton of Basel-City in 2020.

Two units in the "Kluspark" project were registered in 2020, and the other eleven in January 2021. For the "Sandreutergarten" project in Riehen, nine units were registered in the 2020 reporting period, with the final unit following in January 2021. A positive contribution to earnings is anticipated in 2021 and 2022.

Both projects were developed by SF Urban Properties Ltd itself. Once the plots had been connected to the transport network, they were made ready for construction in partnership with the architects. Construction has started on both projects, with completion scheduled for mid-2022.