Swiss Prime Site: Manor moves into Jelmoli building

   Swiss Prime Site AG / Key word(s): Real Estate
   Swiss Prime Site: Manor moves into Jelmoli building
   09.07.2024 / 07:00 CET/CEST
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PRESS RELEASE

Zug, 09 July 2024

  * Long-term rental contract concluded with the Manor Group for around 13
    000 m2 of retail space across three floors in the Jelmoli building

  * Almost half of the rental space in the Jelmoli building has been let,
    with handover scheduled for 2027

  * Attractive concept for a Manor flagship store with well-known brands and
    large restaurant area

* Boost to city centre, making it more attractive with prominent tenants

Swiss Prime Site has concluded a long-term rental agreement with established
department store group Manor for three floors of the Jelmoli building
following the repositioning.

In February 2023, Swiss Prime Site decided to redevelop the Jelmoli building
near Zurich's Bahnhofstrasse and make it more sustainable. The aim is to
adapt the retail floorspace to the current market demands and to add new
types of use to the building to make it fit for the future. In Manor, Swiss
Prime Site has found a long-term tenant for the retail space who can ensure
that the building and Bahnhofstrasse below remain attractive for years to
come.

Manor is set to rent a space of around 13 000 m2, taking over the ground
floor, basement and first floor in 2027. It will subsequently be opening a
flagship store, with shop spaces that can be accessed directly from
Sihlstrasse and Seidengasse, right in the heart of Zurich. Roland
Armbruster, CEO of Manor, stresses that, «The new Manor flagship store in
the centre of Zurich promises an inspiring shopping experience, with a
variety of curated products on offer in fashion, beauty, and home and
living, with an attractive international brand portfolio as well as the
competitively priced Manor in-house brand. A wide range of restaurants
completes the services on offer».

In this way, Zurich will be enriched with shopping and recreational spaces
for everyday life, which should ensure that the Jelmoli building remains a
draw for the public. After the conversion, office space will be the
centrepiece of the additional 20 000 m2 on the upper floors, becoming the
new top city-centre address with its own stand-out entrance, supplemented by
a wide range of restaurants and recreational facilities. New spaces for even
more restaurants will be created on the newly designed roof terrace.

Swiss Prime Site and Manor are concluding a long-term rental agreement.
Manor is also investing in the modification of buildings to create
attractive retail floor space. Ongoing rental agreements remain in place
during and after the modification, particularly with fitness club Holmes
Place, which will remain open to customers during construction. Around half
of the space has already been let to Manor and Holmes Place before
construction has even begun.

René Zahnd, CEO of Swiss Prime Site, says, «Our main priority from the
outset has been to turn the Jelmoli building into a unique destination and
open meeting place. The planned move of department store group Manor and its
long-standing tradition will breathe new life into the Jelmoli building for
Zurich and its inhabitants - radiating far beyond the city limits».

Manor is the largest department store group in Switzerland. It is
represented in all parts of the country and employs around 7500 people. The
Manor Group includes 59 Manor department stores, 27 Manor food supermarkets
and 23 Manora restaurants. The company is also pursuing an omnichannel
strategy by integrating its online shop and services. Manor operates
profitably in a sustainable way and belongs to Maus Frères Holding, which
also includes leading lifestyle brands such as Lacoste.

If you have any questions, please contact:

Investor Relations, Marcel Kucher, CFO
Tel. +41 58 317 17 64, marcel.kucher@sps.swiss

Media Relations, Patrick Djizmedjian
Tel. +41 58 317 17 42, patrick.djizmedjian@sps.swiss

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   End of Media Release
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   Language:    English
   Company:     Swiss Prime Site AG
                Alpenstrasse 15
                6300 Zug
                Switzerland
   Phone:       +41 (0)58 317 17 17
   E-mail:      mladen.tomic@sps.swiss
   Internet:    www.sps.swiss
   ISIN:        CH0008038389
   Listed:      SIX Swiss Exchange
   EQS News ID: 1941865

   End of News EQS News Service
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1941865 09.07.2024 CET/CEST