The first promises to sell and purchase and the related buyout rights were signed in 2011, and it was at this time that negotiations were initiated with several neighboring owners, with an aim to enhancing the value of a large area plot in the immediate proximity of Gland station. It is on a perimeter of approximately 50,000 m2 of land comprising 8 owners that Realitim has taken on the role of pilot for the planning of a partial allocation plan (PPA), ensuring the general coordination and management of the allocation plan phase. It was in 2018 that the PPA finally came into force, legalizing 71,000 m2 of gross floor buildable area (SBP). In the meantime, all the land aspects were solved, either by direct acquisition of additional land or by exercising the rights of exemption concluded beforehand. That is how Realitim became the owner of 5 of the 11 construction areas included in the PPA, representing more than 16,000 m2 SBP of building rights, mainly allocated to housing.
In particular this land of the GENESIS project was the subject of a promise to sell and purchase in 2013, with a right of purchase in favor of Realitim. It was in 2016 that the right of purchase was exercised and part of the plot was sold to Realstone, thus concretizing the start of a partnership for the development of this perimeter. The project then developed with local architects, the Coretra SA office, which applied for a building permit in 2019 for two buildings totaling 70 housing units linked by an underground car park.
With this project, the street Rue de la Paix that delimits the perimeter of the PPA Combaz in its northern part, sees the start of its transformation by the new project led by Realitim in partnership with Realstone. In this sector Realitim has opted for PPE commercialization, the typologies being perfectly suited to first-time buyers, while the second building is intended for rental housing.
A tender for a total construction company has been launched for the realization of this project and the construction should start in autumn 2020.