12 Development real estate
CHF million | Development | Buildings under | Completed | Total development |
|
|
|
|
|
As at 01.01.2013 | 149.4 | 396.3 | 49.1 | 594.8 |
Purchases | 0.0 | 0.0 | 0.0 | 0.0 |
From construction activity/ | 1.3 | 85.8 | 2.4 | 89.5 |
Income from sales development | 0.7 | 10.5 | 1.9 | 13.1 |
Impairment | 0.0 | 0.0 | 0.0 | 0.0 |
Disposals | –4.0 | –82.8 | –10.3 | –97.1 |
Reclassifications | –98.1 | 75.5 | 1.8 | –20.8 |
As at 30.06.2013 | 49.3 | 485.3 | 44.9 | 579.5 |
Reclassifications of CHF 20.8 million net to investment real estate relate to the projects Lilienthal-Boulevard Opfikon (CHF 19.9 million) and Schiffbau-/Hardstrasse Zurich (CHF 0.9 million) previously reported under development real estate.
Development real estate as at 30 June 2013
Place | Property | Acquisition/ | Area of | Register of | Book value | Estimated | Project status | Expected |
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Development reserves |
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|
|
|
|
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| |
Basel | Kirschblütenweg | 2011 | 3 949 | no | 6.7 [2] | 15.0 | building application | open |
Bassersdorf | Grindelstrasse | 2008 | 6 000 | no | 3.7 [2] | 15.0 | in planning | open |
Bülach | Fangleten/Solistrasse | 2011 | 55 318 | yes | 2.6 [3] | 260.0 | in planning | open |
Mettmenstetten, | Pfruendmatt | 2012 | 6 989 | no | 10.4 [2] | 34.0 | in planning | open |
Rümlang | Airport Business Park | 1987 | 30 277 | no | 15.3 [2] | 100.0 | building permit | open |
Steinen | Schwyzerstrasse | 2012 | 3 100 | no | 4.0 [2] | 15.0 | in planning | open |
Volketswil | Guntenbachstrasse | 2008 | 5 330 | no | 3.6 [2] | 25.0 | in planning | open |
Zurich | Schiffbaustrasse | 2010 | 1 610 | yes | 3.0 [2] | 23.0 | building permit | open |
Total development reserves |
| 112 573 |
| 49.3 | 487.0 |
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| |
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Buildings under construction |
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|
|
|
|
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| |
Bülach | 2011 | 11 847 | no | 27.1 | 61.0 | under completion | 2014 | |
Erlenbach | Lerchenbergstrasse | 2009 | 13 614 | no | 68.7 | 94.0 | under completion | 2014 |
Kilchberg | Stockenstrasse | 2011 | 1 496 | no | 10.2 | 13.0 | under completion | 2013 |
Mönchaltorf | 2010 | 14 382 | no | 25.5 | 44.0 | under completion | 2014 | |
Wallisellen | 2002 | 8 394 | no | 65.6 | 85.0 | under completion | 2013 | |
Wallisellen | 2002 | 19 373 | no | 51.1 | 120.0 | under completion | 2013 | |
Wallisellen | 2002 | 10 639 | no | 80.8 | 167.0 | under completion | 2014 | |
Wallisellen | 2002 | 9 409 | no | 39.0 | 66.0 | under completion | 2014 | |
Zurich | 2011 | 20 045 | no | 100.0 | 240.0 | under completion | 2016 | |
Zurich | 2010 | 4 027 | no | 17.3 | 50.0 | under completion | 2014 | |
Total buildings under construction |
| 113 226 |
| 485.3 | 940.0 |
|
| |
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Au-Wädenswil | 2012 [4] |
|
| 6.1 |
|
|
| |
Birmenstorf | 2013 [4] |
|
| 1.7 |
|
|
| |
Meilen | 2012 [4] |
|
| 37.1 |
|
|
| |
Total completed real estate |
|
|
| 44.9 |
|
|
| |
| ||||||||
Total development real estate |
|
|
| 579.5 | 1 427.0 |
|
| |
[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 downpayments made for land and accrued project costs of third parties (transfer of ownership for land pending)
[4]Completion