Development real estate
Development real estate as at 31 December 2014
Location | Property | Acquisition/ | Area of | Register of | Book value | Estimated | Project status | Expected |
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Development reserves |
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Basel | Kirschblütenweg | 2011 | 3 948 | no | 6.8 [2] | 16.0 | in planning | open |
Bassersdorf | Grindelstrasse | 2008 | 6 000 | no | 3.7 [2] | 15.0 | in planning | open |
Bülach | Fangleten/Solistrasse | 2011 | 55 318 | yes | 3.9 [3] | 300.0 | in planning | open |
Dielsdorf | Neuwisen | 2013 | 46 419 | no | 1.1 [3] | 215.0 | in planning | open |
Romanshorn | Bodan site | 2014 | 3 997 | no | 0.4 [3] | 33.0 | in planning | open |
Rümlang | Airport Business Park | 1987 | 30 278 | no | 15.3 [2] | 165.0 | building permit | open |
Steinen | Schwyzerstrasse | 2012 | 3 100 | no | 4.3 [2] | 15.0 | building permit | open |
Volketswil | Guntenbachstrasse | 2008 | 5 330 | no | 3.5 [2] | 25.0 | in planning | open |
Total development reserves |
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| 39.0 | 784.0 |
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Buildings under construction |
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Mettmenstetten, | Pfruendmatt | 2012 | 6 989 | no | 13.0 | 37.0 | under completion | 2016 |
Zurich | Guggach | 2011 | 20 045 | no | 154.4 | 228.0 | under completion | 2016 |
Total buildings under construction |
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| 167.4 | 265.0 |
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Completed real estate |
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Bülach | Cholplatz | 2014 [4] |
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| 24.6 |
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Erlenbach | Lerchenbergstrasse | 2014 [4] |
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| 41.4 |
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Kilchberg | Stockenstrasse | 2013 [4] |
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| 4.2 |
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Meilen | Holengass | 2012 [4], [5] |
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| 17.1 |
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Wallisellen | Escherhof | 2013 [4] |
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| 7.5 |
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Total completed real estate |
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| 94.8 |
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Total development real estate |
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| 301.2 | 1049.0 |
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[1]Land and building costs
[2]Book value includes acquisition costs for the land 100% owned by Allreal and accrued project costs of third parties
[3]Book value includes acquisition costs for prepayments made for land and accrued project costs of third parties (transfer of ownership for land pending)
[4]Completion
[5]Value adjustments amounting to CHF 0.8 million (2014) and CHF 1.7 million (2012) were deducted from acquisition costs, resulting in a book value of CHF 17.1 million as at the balance sheet cut-off date.
For additional information on the development real estate and individual projects, see pages 22 to 26 of the Annual Report.