Metall Zug Secures CHF 220 Million Financing for Tech Cluster Zug Development

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 provides capital for the upcoming four years with a one-year extension option, secured by mortgage collateral with an agreed maximum loan-to-value ratio of 45%. This substantial financial backing addresses the Metall Zug Group's increasing financing requirements that have grown steadily over recent years due to the ongoing development of TCZ.

The syndicated loan agreement was arranged with a consortium of banks led by Zürcher Kantonalbank and serves to refinance existing bank loans while securing financing for upcoming real estate projects. Various real estate projects on the Tech Cluster Zug site have continued to make encouraging progress throughout the current year. The building shell of the SHL project will be completed by the end of 2025, with handover of the combined production and office building planned for mid-2026. This project demonstrates the feasibility of industrial production in an urban context directly adjacent to V-ZUG, with the long-term lease agreement ensuring stable cash flows for the development.

Significant advancements have also been made with the CreaTower I project, where the building permit has been granted and groundbreaking has taken place. Completion of the building shell is scheduled for 2028, featuring innovative RFS ceilings that have significantly less mass compared to conventional ceiling systems. This technological innovation results in a saving of approximately 46% in CO2 emissions, representing a substantial environmental benefit. The sale of the building to VZ Depository Bank in 2028 will result in an appreciation gain, as the associated land is recorded at historical acquisition costs.

Project Pi represents a core element in the sustainable development of 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 the administrative complaint filed in March 2025, the Tech Cluster is maintaining its commitment to Project Pi and the GIBZ development plan. The financing arrangement ensures continued momentum for these transformative projects that blend industrial, commercial, and residential development in an integrated urban environment. Further information about the company's developments and announcements can be found at https://metallzug.ch/en/media.