Zurich Airport’s new project The Circle has announced a first successes even before its completion. It has secured three more prominent tenants, according to a statement.
Among them is Microsoft Switzerland, which is moving its head office from Wallisellen in the canton of Zurich to the new build. The company is renting space of 3,500 square meters.
Microsoft Switzerland will also be technology partner to Zurich Airport. In this role, it will help develop an innovative business district with cutting-edge technology at the airport.
Another new tenant is International Workplace Group IWG, renting 3,000 square meters where it will develop flexible office spaces.
The third tenant is Abraxas, which will be created from the merger between Abraxas Informatik AG and the Verwaltungsrechenzentrum St.Gallen in April 2018. The company will rent a unit of 2,500 square meters.
The Circle is scheduled for completion in 2019. Flughafen Zürich AG and Swiss Life AG have formed a joint ownership company, with Flughafen Zürich AG holding a 51 per cent stake and Swiss Life AG 49 per cent.
Alongside offices, The Circle will house two hotels in the Hyatt group with a Convention Centre, and a medical skills center.
The aim is to transform the transport hub into a focal point for lifestyle. The Japanese architect Riken Yamamoto, who drafted his architectural vision for the project eight years ago on a paper napkin, compared the development of the airport to the birth of a new city.
As well as expanding its services, the airport plans to grow as a transport hub. According to an article in “Aargauer Zeitung”, Terminal 1 is to be completely rebuilt.
Construction will begin in 2021 and is scheduled to conclude in 2030. The new terminal will have more space for check-in, security, lounges and business areas. It will also have more gates.
The reasoning behind the expansion is the high number of passengers. The airport expects the number of passengers using the airport annually to increase from 29 million currently to 50 million by 2030. Capacity must therefore be almost doubled.
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