Media release

Implenia is building five commercial buildings in Vernier’s new “Quartier de l’Étang” neighbourhood

Total contractor mandate for Plot A | Contract worth CHF 270 million | Construction starts in November 2019

Dietlikon, 14 October 2019 – Implenia has been commissioned by client PG Promotors SA, represented by Urban Project SA, to build another section of the new “Quartier de l’Étang” in Vernier near Geneva, worth CHF 270 million. After Plot E, where Implenia has built around 270 rental apartments as total contractor since September 2018, it is now constructing five more buildings for commercial use on Plot A. The multi-functional buildings share a common architectural style and give a face to the new neighbourhood.

“Quartier de l’Étang” is currently being built on an 11-hectare former industrial site in the municipality of Vernier. The project is made up of six separate building plots. With over 1,000 residential units, this “town within a town” will contribute significantly to alleviating the ongoing housing shortage in Canton Geneva. The five buildings Implenia has just been asked to build will complement the residential blocks with 670 hotel rooms and apartments, 230 student apartments, 90 apartments with integrated services and around 15,000 m2 of office space. Quartier de l’Étang will also have a school, a kindergarten and municipal sports facilities.

The site has excellent public and private transport links and is located close to Geneva’s international airport. The new neighbourhood has received certification as a “2000-Watt Site”. This certificate is awarded to developments that are proven to use resources sustainably, including during construction. In addition, the Lean Construction method is being used to produce the buildings. This will improve the efficiency of the whole project, especially with regard to meeting scheduling, quality and cost targets.

Implenia believes that conscious engagement with environmental concerns is a driver of long-term success, which is why sustainability is firmly embedded in the company’s vision and strategy. Implenia is proud to be contributing its sustainable and efficient solutions to this major project.

The five properties for commercial use in “Quartier de l’Étang”. Lying close to Geneva’s international airport, the site has excellent transport links (image: Urban Project).

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Implenia is Switzerland’s leading construction and construction services company. It also has strong positions in the German, French, Austrian, Swedish and Norwegian infrastructure markets, as well as significant building construction and civil engineering operations in Germany and Austria. Established in 2006, Implenia can look back on around 150 years of construction tradition. It brings the expertise of its highly skilled construction units together under the roof of a company active throughout Europe. With the broad offering of Implenia and the deep experience of its specialists, the Group can manage a building project through its entire lifecycle and deliver work that is economical, integrated and customer-centric. The focus is on striking a sustainable balance between financial success and social and environmental responsibility. Implenia, with its headquarters in Dietlikon near Zurich, employs more than 10,000 people in Europe and posted revenue of around CHF 4.4 billion in 2018. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). More information can be found at www.implenia.com.