Papieri Cham: Huge demand for housing and commercial space | News

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Papieri Cham: Huge demand for housing and commercial space

Cham, June 2, 2022

Press Release

Papieri Cham: Huge demand for housing and commercial space

Rent or Ownership: The Cham Group is satisfied with the enormous demand for housing and work on the site of the former paper mill in Cham. Within a few weeks, lease agreements were signed for all 163 apartments for rent in the first phase of construction. The rush to get housing in Sustainable I high was enormous; Almost all 61 apartments have been booked under pre-marketing. The lease of all commercial space in the first stage is also coming to an end.

With the completion of the first phase of construction in 2022, a new chapter will open in Papieri: the first residents will move into their new home in tower L from mid-September. House A in January 2023 Lofts and studios in the former paper machine halls.

House A is fully let
The pre-marketing of 163 rental apartments has been extremely successful. At the time of the official launch of sales in early May, only a few of the 163 rental apartments, 30 of which were cheaper, were still available. The stakeholder list marketing instrument has proved very effective as this target audience is only served in the context of pre-marketing. Due to the high demand, a waiting list has been introduced. With any luck, you can still get into your new home in Papieri if you cancel any contract. Entry always pays off!

Rush to get an apartment
On May 6, the initial marketing of the sale of 61 apartments in the 1st stage of construction works began. A sustainable and progressive hybrid-wood construction with a diverse mix of loft apartments, duplex and multi-storey apartments was able to convince those interested. The high comfort of the apartment and the fantastic views meant that within a few days of applications there were much more than the apartments offered. Binding reservations have already been made for more than two thirds of the apartments. Registrations have already been submitted for most of the remaining flats. At today’s official marketing launch, only two free apartments could be published on the website:

Versatile commercial applications
The lease of approximately 4,400 m2 of service and commercial space in the first phase of construction has also been practically completed. From November, the first craftsmen will revive the Maschinengasse in attractive studios in building A. In addition to architecture and other attractive offices, a film studio, two photo studios, a painting studio for children and a dog salon are opening its doors. Dental surgery and pottery studio offer their services on the ground floor of high-rise L. In early 2023, further commercial applications such as physiotherapy will begin operating in the former PM1-4 paper machine halls opposite House A: A diverse commercial mix that begins to further write the history of the old paper mill .

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For more information:

Cham Group Ltd
communication manager
Katarzyna Sonderegger
Phone: 041 508 08 23

Cham Group Ltd
IR officer
Edwin van der Geest
Phone: 079 330 55 22

About the Cham Group
Real estate developer Cham Group is focused on the development of the Papieri area in the center of Cham. On the site of the former factory, over the next 10-15 years, a new 11-hectare quarter will be built in stages, each with approximately 1,000 apartments and jobs. Thanks to its integrated business model, the Cham Group covers the entire property life cycle, from development and construction to value management and maintenance. Sustainable development and careful use of resources are the main concerns. The Cham Group can generate further growth by purchasing additional development and investment properties in the extended region. As a first step, the Pavatex area adjacent to the Papieri area was acquired in 2018 and is also being developed.

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