prestige property by ubs: confidentiality obligations for potential tenants. paradeplatz in zurich is one of the most lucrative locations worldwide. however, it has never truly come to life as a residential area. ubs is now aiming to change that. the first building, paradeplatz 6, is currently undergoing renovation, and the first leases could soon be signed. however, the major bank is not revealing much about its plans. significant work has already been done. paradeplatz 6 is completely gutted on the inside and covered on the outside. a massive hole gapes open at the back, by bärengasse. it's a clear case of «work in progress.». the building, with its listed facade, is scheduled to be renovated by 2027. star architects at work. ubs has commissioned herzog & de meuron for the renovation of paradeplatz 6. the basel-based architectural firm, which enjoys international success, promises glamour. while there has never been a lack of glamour at this address, it has been somewhat lacking in public accessibility. the reopening is expected to change that. the ground floor will feature a passageway with a green atrium. the building will have three access points: bärengasse, paradeplatz, and bleicherweg/talstrasse. retail stores and dining venues are expected to bring life to the area. or, as stated on the dedicated website for the project: «a new ‘place to be’ with a unique mix of gastronomy and retail that combines tradition with innovation and sustainability.». the access to paradeplatz 6 via bärengasse (visualization by herzog & de meuron, image: provided). according to ubs, the construction work is progressing well. «the construction work is on schedule, with completion expected by late 2026 or early 2027,» the bank wrote in response to an inquiry from finews.com. will the first leases be signed soon? the bank is unwilling to disclose rental prices. «we do not comment on rental conditions as a matter of principle,» they said. the construction costs also remain a secret. the green atrium (visualization by herzog & de meuron, image: provided). according to information from finews.com, interest in the property is high, which ubs confirms. however, the bank does not confirm reports that the first leases will soon be signed: «we are currently in discussions with various potential tenants. it is still too early to say more.». anyone interested in one of the retail spaces must sign a non-disclosure agreement (nda). ubs confirms this, stating that it is a standard market practice. however, the veil of secrecy is expected to be lifted by the time of the opening. and what criteria are used to select tenants? «we are guided by the needs and expectations of visitors who value social and environmental sustainability, authenticity, uniqueness, and innovation. these are some of the criteria we consider when selecting tenants,» the bank wrote.
Prestige Property by UBS: Confidentiality Obligations for Potential Tenants
Paradeplatz in Zurich is one of the most lucrative locations worldwide. However, it has never truly come to life as a residential area. UBS is now aiming to change that. The first building, Paradeplatz 6, is currently undergoing renovation, and the first leases could soon be signed. However, the major bank is not revealing much about its plans.
Significant work has already been done. Paradeplatz 6 is completely gutted on the inside and covered on the outside. A massive hole gapes open at the back, by Bärengasse. It's a clear case of «work in progress.»
The building, with its listed facade, is scheduled to be renovated by 2027.
Star Architects at Work
UBS has commissioned Herzog & de Meuron for the renovation of Paradeplatz 6. The Basel-based architectural firm, which enjoys international success, promises glamour. While there has never been a lack of glamour at this address, it has been somewhat lacking in public accessibility. The reopening is expected to change that.
The ground floor will feature a passageway with a green atrium. The building will have three access points: Bärengasse, Paradeplatz, and Bleicherweg/Talstrasse. Retail stores and dining venues are expected to bring life to the area. Or, as stated on the dedicated website for the project: «A new ‘Place to Be’ with a unique mix of gastronomy and retail that combines tradition with innovation and sustainability.»
The access to Paradeplatz 6 via Bärengasse (Visualization by Herzog & de Meuron, Image: provided)
According to UBS, the construction work is progressing well. «The construction work is on schedule, with completion expected by late 2026 or early 2027,» the bank wrote in response to an inquiry from finews.com.
Will the First Leases Be Signed Soon?
The bank is unwilling to disclose rental prices. «We do not comment on rental conditions as a matter of principle,» they said. The construction costs also remain a secret.
The green atrium (Visualization by Herzog & de Meuron, Image: provided)
According to information from finews.com, interest in the property is high, which UBS confirms. However, the bank does not confirm reports that the first leases will soon be signed: «We are currently in discussions with various potential tenants. It is still too early to say more.»
Anyone interested in one of the retail spaces must sign a Non-Disclosure Agreement (NDA). UBS confirms this, stating that it is a standard market practice. However, the veil of secrecy is expected to be lifted by the time of the opening.
And what criteria are used to select tenants? «We are guided by the needs and expectations of visitors who value social and environmental sustainability, authenticity, uniqueness, and innovation. These are some of the criteria we consider when selecting tenants,» the bank wrote.
prestige property by ubs: confidentiality obligations for potential tenants. paradeplatz in zurich is one of the most lucrative locations worldwide. however, it has never truly come to life as a residential area. ubs is now aiming to change that. the first building, paradeplatz 6, is currently undergoing renovation, and the first leases could soon be signed. however, the major bank is not revealing much about its plans. significant work has already been done. paradeplatz 6 is completely gutted on the inside and covered on the outside. a massive hole gapes open at the back, by bärengasse. it's a clear case of «work in progress.». the building, with its listed facade, is scheduled to be renovated by 2027. star architects at work. ubs has commissioned herzog & de meuron for the renovation of paradeplatz 6. the basel-based architectural firm, which enjoys international success, promises glamour. while there has never been a lack of glamour at this address, it has been somewhat lacking in public accessibility. the reopening is expected to change that. the ground floor will feature a passageway with a green atrium. the building will have three access points: bärengasse, paradeplatz, and bleicherweg/talstrasse. retail stores and dining venues are expected to bring life to the area. or, as stated on the dedicated website for the project: «a new ‘place to be’ with a unique mix of gastronomy and retail that combines tradition with innovation and sustainability.». the access to paradeplatz 6 via bärengasse (visualization by herzog & de meuron, image: provided). according to ubs, the construction work is progressing well. «the construction work is on schedule, with completion expected by late 2026 or early 2027,» the bank wrote in response to an inquiry from finews.com. will the first leases be signed soon? the bank is unwilling to disclose rental prices. «we do not comment on rental conditions as a matter of principle,» they said. the construction costs also remain a secret. the green atrium (visualization by herzog & de meuron, image: provided). according to information from finews.com, interest in the property is high, which ubs confirms. however, the bank does not confirm reports that the first leases will soon be signed: «we are currently in discussions with various potential tenants. it is still too early to say more.». anyone interested in one of the retail spaces must sign a non-disclosure agreement (nda). ubs confirms this, stating that it is a standard market practice. however, the veil of secrecy is expected to be lifted by the time of the opening. and what criteria are used to select tenants? «we are guided by the needs and expectations of visitors who value social and environmental sustainability, authenticity, uniqueness, and innovation. these are some of the criteria we consider when selecting tenants,» the bank wrote.
