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Clariden Leu AG

Landmark building Metropol to reopen after two years of renovation work

Zurich (ots)

After nearly two years of renovation and
restoration, Clariden Leu is opening the landmark building known as
Metropol, which will become the bank's second prestigious office
building in the heart of Zurich. Thanks to the building's new
multi-purpose hall and the METROPOL restaurant, which is operated by
Zurich based Kramer Gastronomie, much of the ground floor of the
Metropol will be accessible to the general public.
Erected by architect Heinrich Ernst in 1892, the Metropol is one
of the most imposing buildings on the left bank of Zurich's Limmat
River. Clariden Leu's move into the building following a thorough
makeover represents a return to the Metropol's former use as a centre
of "bustling business activity". The building contains some 330
modern workstations which will be used by Clariden Leu's Private
Banking division. The  move will enable the bank to reduce its former
15 locations in Zurich to six. "We are proud to be making the
Metropol our second representative place of business in the heart of
Zurich. The building's tradition  reflects the values of our Bank,
and its elegant surroundings will meet the high expectations of our
clientele," noted Clariden Leu CEO F. Bernard Stalder.
310 tons of superstructure and earthquake-proofing steel
The rebuilding of the Metropol posed numerous challenges for
Martin Spühler's team of architects and the various contractors which
worked on the building, particularly when it came to the construction
engineering aspect of the project, making the building earthquake
proof, and preserving its landmark features. The degraded condition
of the building's substance, owing to the passage of time, combined
with modern, stringent earthquake-proofing requirements, translated
into greater cost and effort than would otherwise have been the case.
120 containers of debris were carted away and 310 tons of steel were
used for the superstructure and to earthquake-proof the building. The
inner courtyard was enclosed so as to increase the amount of public
space on the ground floor. The renovation project also had to
preserve the building's historical features, while still meeting the
requirements of a modern bank. At peak period as many as 150 workers
were deployed at the site and had a mere six months to complete the
job.
Historical details in a modern context
The landmark-protected rooms in the client area on the second
floor were extensively restored, a project that took 3500 man hours
of work, which is the equivalent of two man years. The interiors in
the client area, including its 25 meeting rooms, were designed by
well-known interior designer Iria Degen. In January 2006,
construction workers discovered a nine square meter basement room
containing murals by the late Swiss artist Alois Carigiet. Clariden
Leu decided to completely restore this room, which is now open to the
public.
The Metropol: a new venue for fine dining and top-notch events
The METROPOL restaurant and multi-purpose event hall on the ground
floor of the Metropol will enable Clariden Leu to open Metropol's
doors to the public once again. The bank asked Kramer Gastronomie to
operate the METROPOL restaurant and to serve as the bank's partner
for rental of the 220 square meter multi-purpose event hall, which
was designed by Martin Spühler. The hall will be used for Clariden
Leu events, as well as selected public events. The restaurant was
designed by Iria Degen.
Metropol: the historical context
To mark the reopening of the Metropol, Clariden Leu has published
a book about the building and its historical context in and around
Zurich. The richly illustrated book contains historical and anecdotal
essays about Haus Metropol and its era, thus creating a link between
the Metropol as it was then and as it is today.
Milestones of the two year renovation project
  • August 18, 2004: The former Bank Hofmann acquired the Metropol from the city of Zurich along with construction rights for 80 years.
  • October 8, 2004: A request for proposals was issued for a study concerning the renovation of the Metropol.
  • December 23, 2004: The architects' office of Martin Spühler was commissioned with the renovation study and awarded the contract for planning and implementation of the Metropol project.
  • January 2005 to July 2007: Renovation phase.
  • August 2007: Clariden Leu moved into the Metropol.
Clariden Leu Ltd came into being on January 26, 2007, as a result
of the merger of Credit Suisse's four private banks - Clariden, Bank
Leu, Bank Hofmann, and BGP Banca di Gestione Patrimoniale - as well
as the securities dealer Credit Suisse Fides. It is a leading private
bank offering a comprehensive and high-quality range of products and
advisory services. With over 20 offices worldwide, Clariden Leu
serves wealthy clients with demanding wealth management and product
requirements, external asset managers, and wholesale clients. With
assets under management of some CHF 133 billion (as at June 30,
2007), Clariden Leu is one of Switzerland's biggest asset managers.

Contact:

Thomas Ackermann
Head Marketing & Communications Clariden Leu
Tel. direct.: +41/58/205'34'44
E-Mail: thomas.ackermann@claridenleu.com

Dagmar Laub
Head Communications Clariden Leu
Tel. direct: +41/58/205'37'10
E-Mail: dagmar.laub@claridenleu.com

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