11 Development real estate
Book value in CHF million | Development | Buildings under | Completed | Total |
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|
|
|
|
As at 01.01.15 | 39.0 | 167.4 | 94.8 | 301.2 |
Purchases | 0.0 | 0.0 | 0.0 | 0.0 |
From construction activity/ development | 1.8 | 32.2 | –0.1 | 33.9 |
Income from sales development | 0.0 | 0.0 | 3.6 | 3.6 |
Impairment | 0.0 | 0.0 | 0.0 | 0.0 |
Disposals | 0.0 | 0.0 | –31.9 | –31.9 |
Reclassifications | –0.4 | 0.4 | 0.0 | 0.0 |
As at 30.06.2015 | 40.4 | 200.0 | 66.4 | 306.8 |
Development real estate as at 30 June 2015
Location | Property | Acquisition/ | Area of | Register of | Book value | Estimated investment volume | Project status | Expected |
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Development reserves |
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| |
Basel | Kirschblütenweg | 2011 | 3 948 | no | 7.0 [2] | 16.0 | in planning | undecided |
Bassersdorf | Grindelstrasse | 2008 | 6 000 | no | 3.7 [2] | 15.0 | in planning | undecided |
Bülach | Fangleten/Solistrasse | 2011 | 55 318 | yes | 4.7 [3] | 303.0 | in planning | undecided |
Dielsdorf | Neuwisen | 2013 | 46 419 | no | [3] | 217.0 | in planning | undecided |
Rümlang | Airport Business Park | 1987 | 30 278 | yes | 15.6 [2] | 100.0 | in planning | undecided |
Steinen | Schwyzerstrasse | 2012 | 3 100 | no | 4.8 [2] | 15.0 | building permit | undecided |
Volketswil | Guntenbachstrasse | 2008 | 5 330 | no | 3.5 [2] | 25.0 | in planning | undecided |
Total development reserves |
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|
| 40.4 | 691.0 |
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| |
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Buildings under construction |
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Mettmenstetten | Pfruendmatt | 2012 | 6 989 | no | 19.6 | 36.0 | under completion | 2016 |
Romanshorn | Bodan site | 2014 | 3 937 | no | 3.9 | 33.0 | under completion | 2017 |
Zurich | Guggach | 2011 | 20 045 | no | 176.5 | 221.0 | under completion | 2016 |
Total buildings under construction |
|
|
| 200.0 | 290.0 |
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| |
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Completed real estate |
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Bülach | Cholplatz | 2014 [4] |
|
| 20.2 |
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|
|
Erlenbach | Lerchenbergstrasse | 2014 [4] |
|
| 34.2 |
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|
|
Meilen | Holengass | 2012 [4] [5] |
|
| 5.3 |
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|
|
Wallisellen | Escherhof | 2013 [4] |
|
| 6.7 |
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|
|
Total completed real estate |
|
|
| 66.4 |
|
|
| |
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Total development real estate |
|
|
| 306.8 | 981.0 |
|
| |
[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
[5]Value adjustments amounting to CHF 0.8 million (2014) and CHF 1.7 million (2012) were deducted from acquisition costs, resulting in a book value of CHF 5.3 million as at the balance sheet cut-off date.