In November 2014, construction of the new building „Grosspeter Tower“ in Basel began. This high-rise building (78 meters) will offer approximately 18 000 m2 mixed floor space for a hotel and offices. In terms of sustainability, the goal is to achieve zero-emission operations. The total investment at the “Grosspeter Tower” amounts to approximately CHF 110 million. Construction will last until the end of Q1 2017.