In October 2015, the Patrimonium Swiss Real Estate Fund and the Patrimonium Investment Foundation acquired the old weaving mill in Baar. It is Switzerland’s oldest weaving mill – and a listed building – and it shares the approximately 47,000 m2 plot with a shopping centre. As part of an ongoing development project, the shopping centre will be knocked down and the area around the listed building will be redeveloped and built up. The process of obtaining the neighbourhood plan is underway, which includes a change of use of the area. A referendum is planned for early 2023 and planning permission is expected in early 2024.