Rosey move now certain

Now it is certain - the Institut «Le Rosey» is moving to Schönried. Le Rosey has bought the property of the Fraubrunnen Amt holiday home in Erli (see map below for location) for SFr 25 million. The school is planning to build 8 to 10 new builidngs and to move in winter 2011/2012. Construction cost is estimated at around SFr 45 million meaning the school will probably have to sell at least part of its property on Ried (above Gstaad). As the building permissions are not through yet, the holiday home will continue its work for the time being.