History of the ACRON Group

ACRON Group Milestones

2010

The merger between ACRON Holding AG, Zurich and ACRON AG, Zurich takes place. Thus, ACRON AG, Zurich becomes the parent company of the ACRON Group.

The conveyancing of ACRON HELVETIA IX Immobilien AG´s Strip Shopping Center in Näfels in the Swiss Canton Glarus takes place on April, 30.

2009

The investment company ACRON HELVETIA V Immobilien AG purchases the logistics property Fiege.

In Switzerland the seventh investment company ACRON HELVETIA VII Immobilien AG is founded and in the US the 32^nd investment ACRON Stonebriar Commons L.P. in Dallas, Texas is completed.

ACRON HELVETIA I, II and III shares are listed on the BX Berne eXchange stock exchange in Bern, Switzerland.

The ACRON HELVETIA IV Radisson Blu Hotel, Zurich Airport investment property marks its official grand opening with a spectacular show.

ACRON HELVETIA I Immobilien Aktiengesellschaft merges with Südpark Zuchwiler-
strasse Immobilien AG in Solothurn, Switzerland. The company again holds two properties in line with its concept.

2008

Zurich-based ACRON AG celebrates 20 years in business.

After the acquisition of ACRON L&R Immobiliengesellschaft by British investor London & Regional Properties, construction of the planned conference center at Zurich Airport is completed in only 28 months. ACRON L&R Immobilien AG had already acquired the project to build a conference center at Zurich Airport in 2006 and placed the entire project privately with British investor London & Regional Properties. The operator of the facility, SAS Hotels Switzerland AG, opens the Radisson SAS Zurich Airport Hotel in August 2008.

In the first quarter of 2008, the ACRON Group liquidates its U.S.-based investment ACRON Lawrence L.P. and sells the supermarket, which generated an average return of 12.7 percent per year. The President of ACRON (USA) L.P., Greg W. Wilson, celebrates his tenth year with ACRON.

2007

Klaus W. Bender becomes a member of the Board of Directors of ACRON AG, Zurich.

In 2007, ACRON HELVETIA I Immobilien AG sells the Riedpark shopping center in Neerach after a six-year holding period for 40 percent more than the purchase price. The subsequent property investment for the existing investment company ACRON HELVETIA I is the Waser Group office complex in Buchs (in the Canton of Zurich), purchased at the end of 2007.

In the United States, ACRON sells the Lincoln II supermarket in Lincoln, Nebraska, as of December 31, 2007, which generated an average return of 6 percent per year.

2001 to 2006

In 2006, the ACRON Group marks 25 years of doing business in Germany and celebrates this anniversary as befits such an important event.

ACRON makes its 30th investment in the United States in 2006. The branch in the attractive market of Houston, Texas, opens its doors, and the Reserve at Westchase office property is the first investment acquired in Houston.

In Switzerland, ACRON HELVETIA V is founded in 2006. Peer Bender is named Managing Director of ACRON GmbH, while his father Klaus W. Bender takes the reins at ACRON AG in Zurich.

The publicly held companies ACRON HELVETIA II and III are founded in 2005. ACRON HELVETIA II Immobilien AG holds the four-star Steigenberger Hotel in Gstaad-Saanen, Switzerland. The property is fully placed in only six months. ACRON HELVETIA III Immobilien AG holds an office building used by T-Systems in Zollikofen near Bern. The property is fully placed in 11 months.

Attorney Jürg Greter, LL.M., is named sole member of the Board of Directors of ACRON AG in 2005.

After the founding of ACRON Holding AG in 2004, attorney Klaus W. Bender takes the top position there. Attorney Kai Bender, LL.M., is appointed Managing Director of ACRON GmbH in Düsseldorf, Germany.

In 2002, Peer Bender joins ACRON on the operations side after completing his studies in business administration.

1991 to 2000

The company's activities in Switzerland receive a boost in 1997 after amendment of the Lex Koller law allows non-Swiss citizens to invest in commercial real estate. ACRON AG is founded in 1999 and takes over the activities of ACRON's office in Zurich, which was established in 1988. The first investment company, ACRON HELVETIA I, is subsequently founded in Zurich in 2000. This company's mixed portfolio comprises a shopping center in Neerach and a catering facility in Rümlang.

After opening of the U.S. branch in Dallas, Texas, in 1991, investments in the tenth investment company are placed privately as early as 1993. The first public offering in the United States follows in 1997, and the 20th U.S. investment is completed in 1999. Due to the steady growth in U.S. activities, ACRON (USA) L.P. and ACRON U.S. Management, Inc. are formed in 1999 with Greg W. Wilson as President of both companies. Greg W. Wilson has been involved in the real estate business since 1986. Kai Bender, the oldest son of the company's founder, joins ACRON in 2000.

1981 to 1990

Klaus W. Bender establishes ACRON's head office in Düsseldorf, Germany, in 1981. The company structures and implements real estate investments. ACRON also provides advising, marketing, and sales coordination services for these investments. ACRON begins doing business in the United States in 1988 with the launch of its first private placement. The Swiss branch in Zurich opens in the same year.