7 Earnings from sale of investment real estate
CHF million |
| 1st half-year 2013 |
| 1st half-year 2012 |
|
|
|
|
|
Proceeds from sale |
| 21.4 |
| 7.2 |
Transaction costs on sale |
| –0.1 |
| –0.3 |
Balance sheet value = market value on 31.12. of the previous year |
| –20.6 |
| –7.3 |
Earnings from sale of investment real estate |
| 0.7 |
| –0.4 |
As at 1 April 2013, the commercial building Kronenstrasse 10 in Dielsdorf was sold, and as at 28 June 2013, the two residential buildings Zürcherstrasse 52 and 64 in Schlieren. After deduction of transaction costs, the sale resulted in earnings of CHF 0.7 million on total selling prices of CHF 21.4 million.
In the first half of 2012, the sale of a commercial property in Muttenz produced earnings of CHF –0.4 million.