Property Investor Today: Swiss Alps redevelopment continues

Thu 07 May 2020

Although the coronavirus has caused major disruption to ski resorts across Europe, the development of Andermatt, through the £1.2 billion Andermatt Swiss Alps project, is still going ahead as planned.

In recent days a new landmark has been reached, with construction commencing on the 29 apartments across the 11th and 12th apartment houses of the development – Arve and Enzian. Hand-over to buyers is currently anticipated to take place in autumn 2021.

Located in the Andermatt Reuss section of the town, close to the Piazza Gottardo (a major hub for the development), prices in Enzian will begin from CHF 775,000 whilst Arve will begin from CHF 795,000.

Andermatt Swiss Alps says it has implemented safety measures to safeguard all construction workers during the coronavirus outbreak.

The wider development of Andermatt – located in the spectacular Ursern Valley, a short drive from Zurich, Lucerne and Milan – has already witnessed ten ‘unique and individually designed’ apartment houses built (most of which have already sold). Meanwhile, two hotels – the five-star Chedi Andermatt and the four-star Radisson Blu Hotel Ruessen – have also been completed.

In the future, six new four-star and five-star hotels are planned, along with 42 apartment buildings containing 490 individual apartments. As part of the development, some 25 ‘unique and exclusive chalets’ will also be constructed.

Other notable developments at the resort include the recent opening of a 650-seat classical music concert hall, as well as a ‘world-class’ 18-hole golf course – ranked three years in a row as the best golf course in Switzerland by the World Golf Awards.

Previously, Property Investor Today visited Andermatt for its summer and winter seasons to find out what it offers, and also carried out a Q&A with Stefan Kern – head of PR at Andermatt Swiss Alps – to find out how you can successfully build major developments with buy-in from the local community.