A UBS real estate fund plans to demolish a housing estate in Zurich, displacing current tenants from their low-cost apartments, which were recently renovated. Critics, including local politicians and the Zurich Tenants' Association, argue that the project prioritizes profits over affordable housing, while UBS defends it by citing the age of the buildings and the addition of new apartments to address housing shortages. Many residents, facing potential rent increases, are seeking legal avenues to remain in their homes.
