5   Direct expenses for rented investment real estate

 

1st half-year
2015

 

1st half-year
2014

 

 

 

 

 

 

–0.9

 

–0.7

 

–3.0

 

–2.7

 

–1.0

 

–0.8

 

–11.0

 

–6.7

 

–15.9

 

–10.9

The increase in maintenance and repair expenses for commercial real estate compared with the year-back period mainly relates to extensive renovation work for the buildings at Kalchbühlstrasse 22/24, Zurich (CHF 2.2 million), and the Escher-Wyss site, Zurich (CHF 4.0 million).

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