Cosmos construction project: 162 new affordable apartments in Dübendorf
Credit Suisse Real Estate Fund Green Property
Cosmos has been built in Dübendorf, perfectly nestled between the city and Zurich airport.
Urban lifestyle in Dübendorf
Urban lifestyle in Dübendorf
Integration into the Zurich metropolitan area is one of the key objectives of the project by the CS REF Green Property real estate fund.
"Our Cosmos construction project marks another milestone for the real estate fund. This exciting project meets the requirements of the 'SNBS Gold' Swiss Sustainable Building Standard and creates a new, lively center on the outskirts of Zurich," says Urs Frey, fund manager of CS REF Green Property.
The project has created an open space that provides the district not only with high-quality, affordable apartments, but also with impetus for further growth. It was important that the Cosmos project in Dübendorf bring the ground floor to life with various public usage options. Shared areas, local shops, cafés and larger stores help to ensure that people who do not live in the neighborhood use these facilities and keep the area busy.
New apartments and office space in the Hochbord district
New apartments and office space in the Hochbord district
The 162 apartments were rented out in next to no time last spring and tenants were able to move in during November and December 2023. The workONE concept – a straightforward office and commercial concept with a flat rate for rent and a flexible lease – will be ready for use from June 2024. The concept will occupy 6,274 m2 of the two-story premises at Zürichstrasse 98.
More information on SBNS (Standards Nachhaltiges Bauen Schweiz – Sustainable Building Standards Switzerland).
Dübendorf city park as a local recreation area
Dübendorf city park as a local recreation area
The Hochbord district, a residential and commercial area on the outskirts of Zurich, is consequently becoming a diverse and multifaceted neighborhood. The new complex is the new face of the district and offers direct access to nature with the city park, alongside the apartments and office and commercial space.
"Birds and Trees" art installation
"Birds and Trees" art installation
With her art installation titled "Birds and Trees," artist Claudia Comte explores the fragility of the small ecosystem of birds and tree species that live among us but that we rarely see. The installation in the form of larger-than-life marble sculptures is spread out across the surrounding area.
Key takeaways:
Key takeaways:
- The four buildings have a market value of CHF 163.7 million
- The gross yield is 3.2%
- Creation of a new urban center in the Hochbord district in Dübendorf
- Two residential buildings with 162 apartments and a mixed-use property with seven floors
Urs Frey
Fund Manager since 2013
CS REF Green Property
CS REF Green Property
Credit Suisse Real Estate Fund Green Property
Security no. 10077844
Daniel Brüllmann
Head of Real Estate DACH
Urs Fäs
Head of Portfolio Management/ Listed Funds CH
Ulrich Braun
Head of Investment Foundations CH
Oliver Müller-Känel
Head of International & non-listed Products CH and RE-DA
Matthias Jäger
Head of Acquisition & Disposition CH
Nicki M. Weber
Head of DACH Investment Sales Specialists