Arbonia Sells Former Corporate Centre for CHF 21 Million

Arbonia AG has successfully completed the sale of its former Corporate Centre in Arbon, Switzerland, now a fully let business centre, for approximately CHF 21 million. This move aligns with Arbonia's strategy to divest non-essential properties and focus on its core operational business.

The Board of Directors approved the sale following the reception and acceptance of a purchase offer. The property, built in 2007, had been in use for nearly 20 years. As part of the transaction, Arbonia agreed to a five-year lease with an option to extend, allowing it to remain a tenant at the location.

This transaction, despite resulting in increased future rental expenses under IFRS 16 lease liabilities, will enhance Arbonia's financial flexibility by freeing up significant cash resources. The sale marks a critical step in Arbonia's ongoing property portfolio optimization efforts.