Frequently Asked Questions

For how long is the lease on the land?

The buildings and facilities are constructed on long lease land, owned by the Government, but leased to the Coop Association. The duration of the land lease is for an initial period of 60 years. Upon expiration it will be renewed for another period of 60 years. In case the Government decides not to renew the long lease, it has to compensate the economic value of the construction on the land. The lease will expire in January 2050.