565 parking spaces and room for three high-rise buildings: Welcome to Baar, the new home of Bank Vontobel
Baar offers more than just low taxes. Why the Zug agglomeration is a place of longing for top managers and company owners.
The Swiss bank Vontobel is relocating its headquarters and 1,500 employees from Zurich to Baar, a municipality in the canton of Zug, by 2030. The move has sent shockwaves through Zurich's financial sector, with some speculating that low taxes in Zug were a factor in the decision. However, Zug's authorities claim that Vontobel was not lured by aggressive marketing or tax incentives, but rather chose the location for its optimal transportation links and development opportunities.
The new Vontobel headquarters will be built on a 10,000-square-meter site in the Unterfeld Süd area, which will also feature residential and commercial space, including affordable housing.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
