What Jelmoli does

Destination Jelmoli is a ~33,000 m² mixed-use real estate development on Zurich's Bahnhofstrasse, owned and being repositioned by Swiss Prime Site Immobilien AG from the legacy Jelmoli Warenhaus (department store) into a multi-tenant urban destination. The building spans six floors and is configured in three zones per floor — Space A in the historic glass palace, Space B in light-filled courtyard rooms, and Space C in the modern new-build with a large glass façade — each with raised floors, integrated sanitary facilities, and SIA 2024-compliant building services. Core products include approximately 13,000 m² of retail anchored by Manor (Switzerland's largest department store group) as flagship tenant, roughly 20,000 m² of premium office space on the upper floors, a rooftop area with panoramic event and dining venues, fitness facilities operated by Holmes Place, and an on-site business club and meeting rooms for office tenants.

The underlying technology is conventional sustainable mixed-use building infrastructure rather than a software platform: SGNI Gold pre-certification, connection to the Cool City Zürich district energy/cooling grid, reactivation of original light courts, and energy-efficient building services designed to the SIA 2024 standard. The asset integrates with the Bahnhofstrasse corridor's transport and amenity base, and serves enterprise office tenants, anchor retail (Manor), secondary retail and gastronomy operators, and lifestyle/fitness operators (Holmes Place).

The business model is commercial real estate ownership and direct enterprise leasing: Swiss Prime Site retains ownership and collects recurring long-term rental income from a diversified mix of office, retail, gastronomy, and fitness tenants, with pricing negotiated case-by-case and not publicly disclosed. GTM is direct field sales to anchor and mid-sized tenants, executed in-house by Swiss Prime Site's Asset Management (Emilia Nenakhova) and Development & Construction (Dr. Markus Weissenmayer) teams; as of November 2024 approximately 50% of the building was pre-leased, anchored by Manor and Holmes Place, with the asset scheduled to reopen at end of 2027 following demolition and renovation that began after the department store closed in March 2025.

Name

Jelmoli

Legal name

Swiss Prime Site Immobilien AG

Website

https://jelmoli.ch

Company type

Private

Founded year

1833

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Destination Jelmoli is a ~33,000 m² mixed-use commercial real estate redevelopment on Zurich's Bahnhofstrasse by Swiss Prime Site, repositioning the iconic former department store into Manor-anchored retail, premium offices, gastronomy, Holmes Place fitness, and rooftop event space, scheduled to reopen end of 2027.

Ownership category

akta.pro rank

Headquarters

HQ city

Zurich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Marketing or Sales, Personnel, Technology or R&D

Revenue model

1. Commercial Rental Income: Long-term rental income from leasing office spaces (upper floors) and retail spaces (lower floors, anchored by Manor) in the Jelmoli building. Manor has signed a long-term lease covering ~13,000 m² on three floors. Swiss Prime Site retains ownership and collects recurring rent from multiple tenants including offices, retail, gastronomy, and fitness operators.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Destination Jelmoli is a mixed-use commercial real estate complex being developed by Swiss Prime Site Immobilien AG at Zurich's Bahnhofstrasse, encompassing approximately 33,000 m² across six floors. It leases premium office space (~20,000 m² on upper floors), retail space anchored by Manor flagship (~13,000 m² on three lower floors), gastronomy venues, event space, a public rooftop area, and a Holmes Place fitness facility to enterprise tenants under long-term lease agreements.

Product overview

Destination Jelmoli is a mixed-use real estate development project by Swiss Prime Site Immobilien AG, transforming the iconic Jelmoli building on Zurich's Bahnhofstrasse into a modern urban destination. The portfolio consists of: (1) Retail Spaces featuring a Manor Flagship Store occupying three floors (~13,000 m²); (2) Office Spaces on upper floors with three distinct zones (historical glass palace, light-filled spaces, modern glass façade building) totaling approximately 14,000 m² of office area; (3) Gastronomy including a rooftop restaurant with panoramic views and casual dining options; (4) Event Space for business and private events; (5) Public Rooftop Area with landscaped gardens; (6) Fitness Facilities operated by Holmes Place; and (7) Business Club and Meeting Rooms for office tenants. The 33,000 m² complex across six floors is scheduled to open end of 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• Destination Jelmoli (Mixed-Use Complex) Mixed-use destination complex at Zurich's Bahnhofstrasse spanning ~33,000 m² across six floors, combining retail, modern office spaces, gastronomy venues, event space, a public rooftop area, and fitness facilities (Holmes Place).
• Office Spaces Premium leasable office space on the upper floors of the Jelmoli building, configured as three zones per floor (Space A in the historic glass palace, Space B in light-well rooms, Space C in a modern glass-façade new building) with raised floors, integrated sanitary facilities, and SIA 2024-standard building services.
• Retail Spaces (Manor Flagship Store Lease) Three floors of leasable retail space totalling ~13,000 m², anchored by a Manor flagship store featuring international brands, Manor private label, and a restaurant area, with direct access from Sihlstrasse and Seidengasse.
• Event Space Versatile event space suitable for business meetings, weddings, and exclusive private gatherings, with a unique setting and panoramic views over Zurich.
• Fitness Facility (Holmes Place) On-site fitness facility operated by Holmes Place offering yoga, spinning, workouts, and sauna for office tenants, building visitors, and the general public.

Quantifiable outcome

• Approximately 50% of the building's space was pre-leased before construction commenced (November 2024), with Manor (~13,000 m²) and Holmes Place as anchor tenants.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• ManorcoreChannel Partner/ Reseller/ Distributor · 9 July 2024Swiss Prime Site signed a long-term lease with Manor, Switzerland's largest department store group, for approximately 13,000 m² on three floors (ground, underground, and first floor) of the Jelmoli building. Manor will operate a flagship store featuring international fashion, beauty, home & living brands alongside the Manor private label, and a large restaurant area. The store will be directly accessible from Sihlstrasse and Seidengasse. Manor also co-invests in fit-out costs for the retail spaces. Handover is planned for 2027. Manor employs approximately 7,500 people across 59 department stores, 27 Manor Food supermarkets, and 23 Manora restaurants.
• Holmes PlaceminorChannel Partner/ Reseller/ DistributorHolmes Place is an existing fitness club tenant in the Jelmoli building. Their fitness and wellness offering will remain operational during the renovation period and after the repositioning of the building. Holmes Place provides morning yoga, workouts, and sauna facilities for building tenants and visitors.
• Swiss Prime Site Immobilien AGcoreOthersSwiss Prime Site Immobilien AG (Hardstrasse 201, CH-8005 Zürich; phone +41 58 317 17 17; [email protected]; www.sps.swiss) is the owner, developer, and publisher of the Jelmoli website. Swiss Prime Site acquired the Jelmoli building and is executing the repositioning project, having received the legally binding building permit in November 2024. René Zahnd is CEO and Urs Baumann is CIO.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/jelmoli.zuerich
• LinkedInlinkedin.com/company/jelmoli

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jelmoli