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Swiss Prime unit to build senior residents' accommodation in Switzerland

Swiss Prime Site AG unit Swiss Prime Site Immobilien Ltd. has completed a land purchase on the shores of Lake Lugano, in Paradiso, Switzerland, where the company plans to develop a new accommodation for senior residents.

Two existing buildings by the lake shore, the former Hotel du Lac and a villa, will be demolished to pave the way for two new buildings, which will comprise 60 apartments and a residential care facility with 40 beds. Swiss Prime Site Immobilien will undertake the project with the Tertianum Group.