5 Direct expenses for rented investment real estate
CHF million |
| 1st half-year |
| 1st half-year |
|
|
|
|
|
Administrative and operating expenses, residential real estate |
| –0.9 |
| –0.7 |
Administrative and operating expenses, commercial real estate |
| –3.0 |
| –2.7 |
Maintenance and repair expenses, residential real estate |
| –1.0 |
| –0.8 |
Maintenance and repair expenses, commercial real estate |
| –11.0 |
| –6.7 |
Real estate expenses |
| –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).