In Kilchberg, located on the left bank of Lake Zurich, plans were in place for a significant rental apartment project on Seestrasse. This followed the acquisition of an old commercial building valued at around 20 million in 2021 by the CS Investment Foundation.

The project received quick approval from local authorities, suggesting a positive outlook for affordable housing in the region. However, the situation changed unexpectedly when the CS Investment Foundation, now under the control of UBS after the Paradeplatz Bank crash, sold the property to developer Aestate.

Aestate is recognized for its luxury real estate developments around Lake Zurich. The company has shifted the focus from rental apartments to owner-occupied flats, intending to create 30 units at the site. The head of Aestate refrained from commenting on the specifics of the sale or the pricing strategy, mentioning that the project is currently being adjusted to fit market conditions.

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