Information for investors and analysts
Information on investment real estate properties
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| City of Zurich |
| Rest of Canton Zurich |
| Other regions |
| Total real estate | ||||||||
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| 2011 |
| 2010 |
| 2011 |
| 2010 |
| 2011 |
| 2010 |
| 2011 |
| 2010 |
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Commercial properties |
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Number |
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| 23 |
| 23 |
| 14 |
| 14 |
| 9 |
| 9 |
| 46 |
| 46 |
Floor space | 000 m2 |
| 265 |
| 265 |
| 110 |
| 110 |
| 61 |
| 57 |
| 436 |
| 432 |
Vacancy rate [1] | % |
| 1.5 |
| 1.8 |
| 13.1 |
| 13.6 |
| 4.1 |
| 7.3 |
| 4.6 |
| 5.2 |
Rental income | CHF million |
| 78.0 |
| 78.8 |
| 25.6 |
| 24.3 |
| 16.6 |
| 13.2 |
| 120.2 |
| 116.3 |
Earnings on property [2] | CHF million |
| 68.7 |
| 68.3 |
| 21.1 |
| 21.0 |
| 14.0 |
| 10.0 |
| 103.8 |
| 99.3 |
Gross return | % |
| 6.1 |
| 6.1 |
| 5.4 |
| 5.5 |
| 5.7 |
| 5.9 |
| 5.9 |
| 6.0 |
Net return [3] | % |
| 5.4 |
| 5.3 |
| 4.5 |
| 4.7 |
| 4.7 |
| 4.5 |
| 5.1 |
| 5.1 |
Acquisition value | CHF million |
| 1 182.1 |
| 1 182.2 |
| 489.6 |
| 489.6 |
| 337.1 |
| 266.2 |
| 2 008.8 |
| 1 938.0 |
Market value | CHF million |
| 1 291.0 |
| 1 273.8 |
| 464.8 |
| 473.0 |
| 329.5 |
| 256.3 |
| 2 085.3 |
| 2 003.1 |
Average market value | CHF million |
| 56.1 |
| 55.4 |
| 33.2 |
| 33.8 |
| 36.6 |
| 28.5 |
| 45.3 |
| 43.5 |
Change in market value [4] | CHF million |
| 17.2 |
| 7.6 |
| –8.2 |
| –8.1 |
| 2.0 |
| 2.9 |
| 11.0 |
| 2.4 |
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Residential property |
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Number |
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| 3 |
| 4 |
| 13 |
| 12 |
| 3 |
| 3 |
| 19 |
| 19 |
Living space | 000 m2 |
| 9 |
| 10 |
| 78 |
| 65 |
| 13 |
| 13 |
| 100 |
| 88 |
Vacancy rate [1] | % |
| 0.6 |
| 0.8 |
| 4.3 |
| 1.5 |
| 3.2 |
| 8.8 |
| 3.7 |
| 2.5 |
Rental income | CHF million |
| 2.9 |
| 3.1 |
| 16.4 |
| 16.5 |
| 3.4 |
| 3.2 |
| 22.7 |
| 22.8 |
Earnings on property [2] | CHF million |
| 2.5 |
| 2.3 |
| 14.6 |
| 14.6 |
| 3.0 |
| 2.2 |
| 20.1 |
| 19.1 |
Gross return | % |
| 5.5 |
| 5.7 |
| 5.5 |
| 5.9 |
| 6.1 |
| 5.7 |
| 5.6 |
| 5.9 |
Net return [3] | % |
| 4.9 |
| 4.1 |
| 4.9 |
| 5.2 |
| 5.3 |
| 4.1 |
| 5.0 |
| 4.9 |
Acquisition value | CHF million |
| 45.5 |
| 51.9 |
| 283.9 |
| 224.3 |
| 54.5 |
| 54.5 |
| 383.9 |
| 330.7 |
Market value | CHF million |
| 52.2 |
| 56.2 |
| 334.0 |
| 258.0 |
| 57.7 |
| 56.0 |
| 443.9 |
| 370.2 |
Average market value | CHF million |
| 17.4 |
| 14.1 |
| 25.7 |
| 21.5 |
| 19.2 |
| 18.7 |
| 23.4 |
| 19.5 |
Change in market value [4] | CHF million |
| 2.0 |
| 1.2 |
| 14.6 |
| 2.4 |
| 1.7 |
| 0.4 |
| 18.3 |
| 4.0 |
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Investment real estate |
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Number |
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| 3 |
| 1 |
| 1 |
| 1 |
| 1 |
| – |
| 5 |
| 2 |
Land area | 000 m2 |
| 31 |
| 24 |
| 14 |
| 14 |
| 1 |
| – |
| 46 |
| 38 |
Acquisition value | CHF million |
| 267.4 |
| 188.4 |
| 119.4 |
| 44.3 |
| 8.8 |
| – |
| 395.6 |
| 232.7 |
Market value | CHF million |
| 285.6 |
| 199.2 |
| 127.4 |
| 46.8 |
| 8.8 |
| – |
| 421.8 |
| 246.0 |
Change in market value [4] | CHF million |
| 7.3 |
| 5.1 |
| 8.1 |
| 2.0 |
| 0.0 |
| – |
| 15.4 |
| 7.1 |
Investment volume | CHF million |
| 590.0 |
| 500.0 |
| 215.0 |
| 64.0 |
| 30.0 |
| – |
| 835.0 |
| 564.0 |
[1]In percent of target rental income, cumulative as at cut-off date
[2]Rental income minus real estate expenses
[3]Rental earnings in percent of continued market value on 1 January
[4]From revaluation 31 December 2011 versus 31 December 2010