17   Transactions with related parties

In the first half of 2013, the Projects & Development division carried out construction projects for a total of CHF 20.5 million for several parties to the shareholders’ pooling agreement under standard market conditions, which corresponds to 7.0% of income from realisation Projects & Development.

The residential properties Zürcherstrasse 52 and 64 in Schlieren were sold on 28 June 2013 at a selling price of CHF 16.2 million to Raiffeisen Pensionskasse Genossenschaft, which is a party to the shareholders’ pooling agreement.