Empira Group expands into Switzerland

Investment manager and real estate developer Empira Group has acquired its inaugural residential development project in Switzerland. 

Residential project in Berlin - Empira Group

The 31,000 m2 site in the Canton of Zug will be transformed into a modern residential district featuring around 230 residential units, commercial spaces, and a kindergarten. Over 15% of the housing will be dedicated to affordable units, promoting a diverse housing mix. 
The development will prioritise sustainability, incorporating energy-efficient construction, rooftop photovoltaic systems, and extensive green roofs. The district will be car-free, with all parking located in an underground garage. Green courtyards, recreational zones, playgrounds, and a central boulevard are planned to foster community and enhance quality of life.
To support this expansion, Empira is building a specialised local team in Switzerland, led by Reimer Siegert, who will manage all Swiss operations, from acquisitions and project development to asset management. 
Completion of the project is scheduled for 2029.
Marcus Bartenstein, CEO of Empira Group, said: “With this first acquisition in Switzerland, we are sending a clear signal: we see significant potential in the Swiss residential real estate market and aim to establish ourselves as a long-term and reliable partner for institutional investors.” 
Reimer Siegert, head of Real Estate Development Switzerland at Empira, added: “Our goal is to build a high-quality, sustainable Swiss portfolio focused on urban, future-oriented residential neighbourhoods in economically strong regions.” 
The acquisition was completed via a co-investment structure, enabling qualified Swiss investors to invest alongside Empira in residential developments. A consortium of Swiss banks, including Luzerner Kantonalbank, Raiffeisen Schweiz, and Migros Bank, provided the financing.