Federal Council awards new licence for casino in Lokstadt

Glattpark (Opfikon), 29 November 2023 – The Federal Council today decided to grant licences for casinos for the period 2025 to 2044, with a new licence being granted to Winterthur. The joint project between Ina Invest and Swiss Casinos, which envisages the construction of a new casino in the historic Rapide industrial hall, has thus reached an important milestone.

Ina Invest CEO Marc Pointet: "We are delighted that the casino in Lokstadt has been given green light by the Federal Council. With their crowd-pleasing mix of uses, the Lokstadt halls are a showcase project for hybrid real estate and will make a lasting contribution to the vibrancy of Winterthur's new district." The future operator is equally delighted: "The planned casino in the Lokstadt supports the city of Winterthur in preserving its industrial heritage. The combination of modern entertainment and industrial tradition will make the casino in Winterthur a beacon for the entire region," says Swiss Casinos CEO Marc Baumann.

Swiss Casinos will be operating Switzerland's most modern and urban casino in Lokstadt on a total area of around 4,200m2. A futuristic-looking wooden structure, the "Loki", will be installed in the former production hall of the Swiss Locomotive and Machine Factory. The historical substance of the halls will be preserved and remain open to the public.

The building permit for the Casino has already been granted and construction is scheduled to begin in spring 2024.

Contact for investors and analysts
Marc Pointet, CEO
T +41 44 552 97 17
investors@ina-invest.com

Contact for media
Corporate Communications
T +41 44 552 97 27
communications@ina-invest.com

Ina Invest is an independent Swiss real estate company that develops sustainable spaces to live, work and relax in, with a focus on hybrid real estate that ensures long-term flexibility of use and profitability. Ina Invest, which was created as a spin-off from Implenia, now has one of the largest and most high-potential development portfolios on the Swiss market. The properties are situated in high-quality locations and can be used in a variety of ways. Ina Invest plans to keep on investing and growing while maintaining an above-average development ratio and at least 50% residential space in its portfolio. Ina Invest achieves the highest sustainability standards by taking a holistic approach to sustainability across all parts of the value chain. In addition, the GRESB Real Estate Development Benchmark Assessment found that Ina Invest is one of the most sustainable company in its peer group in Western Europe. Ina Invest has been listed on the SIX Swiss Exchange since June 2020 (INA, CH0524026959). Further information is available at ina-invest.com.