Real estate at a glance
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| 1st half-year 2011 |
| 1st half-year 2010 |
| Change |
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Yield-producing properties |
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Commercial real estate on cut-off date | number |
| 47 |
| 46 |
| +1 |
Residential real estate on cut-off date | number |
| 19 |
| 19 |
| – |
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|
Market value on cut-off date | CHF million |
| 2 507.3 |
| 2 373.3 |
| +5.6 |
Average market value by object | CHF million |
| 38.0 |
| 36.5 |
| +4.1 |
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Rental income from investment real estate | CHF million |
| 69.8 |
| 69.6 |
| +0.3 |
Vacany rate [2] | % |
| 4.6 |
| 4.8 |
| –0.2 |
Real estate expenses | CHF million |
| 8.5 |
| 10.6 |
| –19.8 |
Real estate expenses | in % of rental income |
| 12.2 |
| 15.2 |
| –3.0 |
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Gross yield [3] | % |
| 6.2 |
| 6.0 |
| +0.2 |
Net yield [4] | % |
| 5.1 |
| 5.1 |
| – |
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Real estate under construction |
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Buildings on cut-off date | number |
| 3 |
| 2 |
| +1 |
Market value on cut-off date | CHF million |
| 337.1 |
| 246.0 |
| +37.0 |
Investment volume | CHF million |
| 780.0 |
| 564.0 |
| +38.3 |
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Real estate for development |
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Cost value land reserves on cut-off date | CHF million |
| 132.7 |
| 111.8 |
| +18.7 |
Estimated investment volume land reserves | CHF million |
| 1 063.0 |
| 733.0 |
| +45.0 |
|
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Cost value buildings under construction on cut-off date | CHF million |
| 315.7 |
| 307.5 |
| +2.7 |
Estimated investment volume buildings under construction | CHF million |
| 719.0 |
| 824.0 |
| –12.7 |
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Cost value completed buildings on cut-off date | CHF million |
| 0.0 |
| 36.7 |
| – |
[*]Should no further particulars be given, values referring to the income statement concern the 1st half-year and balance sheet value the cut-off dates on 30.06.2011 resp. 31.12.2010.
[1]Changes in quantum and percentage values are shown as absolute difference
[2]In percent of targeted rental income, cumulated at cut-off date
[3]Rental income from investment real estate in percent of continued market value as at 1 January
[4]Rental profit from investment real estate in percent of continued market value as at 1 January