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Shares of HIAG Immobilien Holding AG start trading on SIX Swiss Exchange

May 2014

On 6 May 2014, HIAG Immobilien Holding AG announced the launch of its initial public offering ("IPO") on SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding procedure.

Following completion of the roadshow, the final offer price was fixed on 15 May 2014 at CHF 76 per share, resulting in a market capitalisation of HIAG upon completion of the IPO of CHF 608 million and making this the largest IPO on SIX of a Swiss real estate company of the past 10 years. The shares of HIAG started to trade on SIX on 16 May 2014.

HIAG Immobilien is a leading player in the reuse and redevelopment of Commercial Sites and Properties in Switzerland. As of 31 December 2013, HIAG Immobilien's Property Portfolio was located across 38 sites consisting of 105 properties valued at CHF 1.065 bn.

Niederer Kraft & Frey has acted as sole underwriter counsel to Credit Suisse (Sole Bookrunner) and Bank Vontobel (Co-Lead Manager). The NKF team comprises Philippe Weber, Thomas Brönnimann, Christina Del Vecchio, Yannick Wettstein and others.

Legal Developments by:
Niederer Kraft Frey AG

  • GrenzĂĽberschreitende Finanzdienstleistungen

    Der Finanzbereich ist auch in der Schweiz einer der am stärksten regulierten Wirtschaftzweige. Sich darin zurechtzufinden ist nicht immer einfach. Nachfolgende Ausführungen sollen dazu einen Einstieg vermitteln. Sie zeigen, dass die Schweiz im Gegensatz zum Ausland und abgesehen vom Bereich der kollektiven Kapitalanlagen und der Versicherungsprodukte, was die Zulässigkeit von grenzüberschreitend angebotenen Finanzdienstleistungen anbelangt, ein sehr liberales Regime kennt.
    - Niederer Kraft & Frey

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