Vita Joint Foundation invests 43 million Swiss francs in Ilanz

Vita Joint Foundation invests 43 million Swiss francs in Ilanz

From this summer, the Vita Joint Foundation will be investing in another project for assisted living: «Wohnen mit Service» (Living with Service) based in Ilanz, Graubünden. Together with commercial space for health services and a daycare centre for children, 77 apartments will be built.

Following the Vita Joint Foundation's investment of around 46 million Swiss francs in a housing Project for retirees in Bazenheid (SG) in spring 2018, another project for affordable, age-appropriate apartments in Ilanz (GR) is now set to follow. Starting this summer, an eleven-storey multi-generation house with 61 apartments will be built over around 4500 square meters. The renovation of the adjacent old Dominican nunnery with a usable area of around 2600 square metres will create a further 16 apartments in addition to practices and office space. The local Spitex Foppa will probably cover a large part of the range of services in the future. Further local collaborations are on the agenda; for example, with the neighboring regional hospital. The investment volume of the overall project amounts to around CHF 43 million. The move-in date for the apartments is planned for early spring 2021.

«The Vita Joint Foundation invests with a long-term focus in real estate investments for 'living in old age'. This allows us to strengthen the awareness and perception of the Vita brand in the core business of pre- and aftercare and, in addition, make a social and economic contribution in close collaboration with the respective local community.» says Nicolas Schneider, CEO of SST Vita Dienstleistungs AG.

For further questions please contact Doris Neuhäusler

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