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 architecture competition was completed in November 2019. The site’s rezoning was approved in a local referendum, and planning permission is expected to be granted by early 2022.