Building permit for the real estate project “The Circle” legally binding
No appeal has been brought forward within 30 days after the building permit of the real estate project „The Circle“ of Flughafen Zürich AG has been granted. The legally binding building permit marks yet another milestone towards realising the planned service destination.
However, to successfully initiate the project, anchor tenants for office spaces and service areas have to be found. Furthermore, associated investment costs have to be secured as an essential basis of the projects economic efficiency and another condition marks the establishment of an investment and financing structure. If all these requirements can be met and the financial funding is secured, building work is expected to commence next year. The first phase of the complex is scheduled to open in year 2017.
About „The Circle“
With the real estate project „The Circle“, Flughafen Zürich AG plans a service destination with around 200’000 square metres usable area offering a wide range of services, including hotels, restaurants, headquarters and offices as well as conference and event facilities at a prime location within walking distance from the terminals at Zurich Airport.