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

Metall Zug Group has finalized a significant financing package to support the continued development of the Tech Cluster Zug, securing a syndicated loan agreement for CHF 220 million with an additional increase option of CHF 50 million. The financing, arranged with a consortium of banks led by Zürcher Kantonalbank, will cover development costs for the upcoming four years with a one-year extension option, secured by mortgage collateral with a maximum loan-to-value ratio of 45%.

The financing addresses the Metall Zug Group's steadily increasing funding requirements as the Tech Cluster Zug development progresses. The arrangement serves to refinance existing bank loans while securing capital for upcoming real estate projects on the site. This substantial financial backing ensures the continuity of multiple development initiatives that are transforming the industrial landscape in Zug.

Several key projects within the Tech Cluster Zug are showing significant progress. The SHL project is scheduled to complete its building shell by the end of 2025, with handover of the combined production and office building planned for mid-2026. This project demonstrates the viability of industrial production in urban contexts, positioned directly adjacent to V-ZUG operations. The long-term lease agreement associated with this development provides stable cash flows for the Metall Zug Group.

The CreaTower I project has reached a major milestone with the granting of its building permit and commencement of groundbreaking activities. Completion of the building shell is targeted for 2028, featuring innovative RFS ceiling systems that reduce mass compared to conventional alternatives, resulting in approximately 46% reduction in CO2 emissions. The project's sale to VZ Depository Bank in 2028 is expected to generate appreciation gains, as the associated land remains recorded at historical acquisition costs.

Project Pi represents a core component in the sustainable development strategy for Tech Cluster Zug, focusing on creating affordable housing within walking distance of the technology hub. The initiative emphasizes attractive and innovative high-rise living within vertical communities, with architecture specifically tailored to the local environment. Despite an administrative complaint filed in March 2025, the Tech Cluster remains committed to advancing Project Pi and the GIBZ development plan.

The financing arrangement and ongoing project developments signal strong confidence in the Tech Cluster Zug's strategic direction. The combination of industrial production facilities, innovative office spaces, and residential developments creates a comprehensive ecosystem that supports both business operations and community needs. The environmental considerations incorporated into building designs, particularly the significant CO2 reduction in CreaTower I, align with growing emphasis on sustainable construction practices.

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