Tuesday, February 7, 2023

Media group TX Group bundles real estate

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TX Group establishes new real estate division

From the beginning of 2023, the Zurich-based TX Group will combine its properties in an independent division at group level. A separate fintech investment fund with a volume of CHF 100 million will also be launched within TX Ventures.

The TX Group, which includes the Tamedia newspapers, has set itself new strategic goals. Among other things, the company summarizes its real estate in a separate division. (icon picture)

In the future, the TX Group, which is primarily known for its media brands such as “Tages-Anzeiger” or “20 Minuten”, intends to further develop its real estate in a separate, profit-oriented business area. The new area will form an independent division at group level from the beginning of 2023, as the Zurich media group wrote on Tuesday in the run-up to an investor day.

The portfolio includes the three printing centers in Zurich, Bern and Bussigny as well as four office buildings in Zurich and Bern at attractive locations. It offers sufficient potential for independent development, the communication continues. Various possibilities for the optimal ownership structure are still being examined.

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