11 Development real estate
Book value in CHF million | Development | Buildings | Completed | Total |
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As at 01.01.14 | 51.0 | 287.6 | 43.9 | 382.5 |
Purchases | 0.0 | 0.0 | 0.0 | 0.0 |
From construction activity/development | 2.6 | 64.3 | 5.9 | 72.8 |
Income from sales Development | 1.2 | 25.4 | 1.7 | 28.3 |
Impairment | 0.0 | 0.0 | 0.0 | 0.0 |
Disposals | –1.2 | –166.1 | –15.5 | –182.8 |
Reclassifications | –11.3 | 10.8 | 0.5 | 0.0 |
As at 30.06.14 | 42.3 | 222.0 | 36.5 | 300.8 |
Development real estate as at 30 June 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] | 325.0 | in planning | open |
Dielsdorf | Neuwisen | 2013 | 46 419 | no | 1.1 [3] | 217.0 | in planning | open |
Rümlang | Airport Business Park | 1987 | 30 278 | no | 15.3 [2] | 100.0 | building permit | open |
Steinen | Schwyzerstrasse | 2012 | 3 100 | no | 4.1 [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 | 3.8 [2] | 23.0 | building permit | 2016 |
Total development reserves |
| 152 003 |
| 42.3 | 736.0 |
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Buildings under construction |
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Bülach | Cholplatz | 2011 | 11 847 | no | 24.3 | 60.0 | under completion | 2014 |
Erlenbach | Lerchenbergstrasse | 2009 | 13 614 | no | 53.5 | 92.0 | under completion | 2014 |
Mettmenstetten | Pfruendmatt | 2012 | 6 989 | no | 11.3 | 37.0 | under completion | 2016 |
Zurich | Guggach | 2011 | 20 045 | no | 132.9 | 228.0 | under completion | 2016 |
Total buildings under construction |
| 52 495 |
| 222.0 | 417.0 |
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Completed real estate |
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Kilchberg | Stockenstrasse | 2013 [4] |
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| 4.0 |
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Meilen | Holengass | 2012 [4] |
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| 19.2 |
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Mönchaltorf | Bruggächer | 2014 [4] |
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| 0.5 |
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Wallisellen | Escherhof | 2013 [4] |
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| 12.8 |
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Total completed real estate |
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|
| 36.5 |
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| |
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Total development real estate |
|
|
| 300.8 | 1 153.0 |
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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 downpayments made for land and accrued project costs of third parties (transfer of ownership for land pending)
[4]Completion