6 Earnings from sale of investment real estate
CHF million |
| 1st half-year |
| 1st half-year |
|
|
|
|
|
Proceeds from sale |
| 7.0 |
| 21.4 |
Transaction costs on sale |
| –0.2 |
| –0.1 |
Balance sheet value = market value on 31.12 of the previous year |
| –5.9 |
| –20.6 |
Earnings from sale of investment real estate |
| 0.9 |
| 0.7 |
As at 1 April 2014, the commercial building Buckhauserstrase 32 in Zurich was sold (target rental income of CHF 0.4 million p.a.). After deduction of transaction costs, the sale resulted in earnings of CHF 0.9 million on a total selling price of CHF 7.0 million.
In the first half of 2013, the sale of three properties produced earnings of CHF 0.7 million.