The new real estate strategy of the BERNEXPO GROUPE is progressing as planned: over the course of the last few months external experts have analysed the infrastructure of Messepark Bern AG as part of a comprehensive due diligence audit. At the same time, the BERNEXPO GROUPE and HRS Real Estate Ltd. approved the future site use concepts and devised an appropriate ownership structure for Messepark Bern AG. The overall project is well on track. As planned, the first interviews are now being held with potential investors for Messepark Bern AG.
In February 2019, the BERNEXPO GROUPE indicated that it had signed, together with HRS Real Estate Ltd., a letter of intent confirming their willingness to jointly promote the future development of real estate assets of Messepark Bern AG and, namely, the realization of a new festival hall (former project BeMotion Base) at the BERNEXPO site.
The new building project is to replace the old "Festhalle" (Hall 4), which was built 67 years ago as a temporary facility and has reached the end of its life cycle.
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