11 Development real estate
Book value in CHF million | Development | Buildings under | Completed | Total develop- |
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As at 01.01.2016 | 71.4 | 171.4 | 52.7 | 295.5 |
Purchases | 0.0 | 0.0 | 0.0 | 0.0 |
From construction activity/development | 4.9 | 11.0 | 0.1 | 16.0 |
Income from sales Development | 1.1 | 19.3 | 1.7 | 22.1 |
Impairment | 0.0 | 0.0 | 0.0 | 0.0 |
Disposals | –4.6 | –139.4 | –26.3 | –170.3 |
Reclassifications | –8.8 | 7.0 | 0.0 | –1.8 |
As at 30.06.2016 | 64.0 | 69.3 | 28.2 | 161.5 |
Development real estate as at 30 June 2016
Location | Property | Acquisition/ | Area of | Register of | Book value | Estimated | Project status | Expected |
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Development reserves |
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Bassersdorf | Grindelstrasse | 2008 | 6 000 | no | 3.7 [2] | 15.0 | in planning | open |
Bülach | Fangleten/Solistrasse | 2011 | 44 084 | yes | 9.1 [3] | 269.0 | in planning | open |
Dielsdorf | Neuwisen | 2013 | 46 419 | no | 35.2 [2] | 175.0 | in planning | open |
Rümlang | Bäuler | 1987 | 30 278 | yes | 16.0 [2] | 100.0 | in planning | open |
Total development reserves |
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| 64.0 | 559.0 |
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Buildings under construction |
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Basel | Kirschblütenweg | 2011 | 3 948 | no | 7.0 | 16.0 | under completion | 2018 |
Mettmenstetten | Pfruendmatt | 2012 | 6 989 | no | 5.4 | 34.0 | under completion | 2016 |
Steinen | Stauffacher | 2012 | 3 100 | no | 9.1 | 15.0 | under completion | 2017 |
Zurich | Guggach | 2011 | 20 045 | no | 47.8 | 218.0 | under completion | 2016 |
Total buildings under construction |
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| 69.3 | 283.0 |
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Completed real estate |
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Bülach | Cholplatz | 2014 [4] |
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| 6.8 |
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Erlenbach | Lerchenbergstrasse | 2014 [4] |
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| 20.3 |
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Wallisellen | Escherhof | 2013 [4] |
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| 1.1 |
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Total completed real estate |
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| 28.2 |
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Total development real estate |
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| 161.5 | 842.0 |
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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
Kirschblütenweg, Basel
New-build complex of 12 terraced houses and 24 garage parking spaces to Minergie standard with lettable floor space (100% residential) of 1967 square metres. It is being built by Allreal Generalunternehmung AG and is scheduled for completion in 2017. As at 30 June 2016, all residential units had been sold, 0 of which with transfer of ownership.
Pfruendmatt, Mettmenstetten ZH
New-build complex of 35 terraced houses and 72 parking spaces to Minergie standard with lettable floor space (100% residential) of 5578 square metres. The project is being built by Allreal Generalunternehmung AG and is scheduled for completion in autumn 2016. As at 30 June 2016, 30 out of 35 residential units had been sold, 26 of which with transfer of ownership. 5 terraced houses were still for sale.
Stauffacher, Steinen SZ
Two new-build apartment buildings with a total of 18 condominiums and 30 garage parking spaces to Minergie standard with lettable floor space (100% residential) of 2249 square metres. The project is being built by Hammer Retex AG and is scheduled for completion in 2017. As at 30 June 2016, 11 out of 18 residential units had been sold, 0 of which with transfer of ownership. 7 apartments were still for sale.
Guggach, Zurich
Four new-build apartment buildings with a total of 197 condominiums and 219 underground parking spaces to Minergie standard with lettable floor space (100% residential) of 25 919 square metres. The project is being built by Allreal Generalunternehmung AG. The first stage was completed in the fourth quarter of 2015 and handed over to the buyers. The second stage is scheduled for completion and handover to the buyers in 2016. As at 30 June 2016, 184 out of 197 residential units had been sold, 156 of which with transfer of ownership. 13 apartments were still for sale.
Cholplatz, Bülach ZH
Five new-build apartment buildings with a total of 82 condominiums and 135 underground parking spaces to Minergie standard with lettable floor space (100% residential) of 9148 square metres. The project was built by Allreal Generalunternehmung AG and completed in 2014. As at 30 June 2016, 75 out of 82 residential units had been sold, 73 of which with transfer of ownership. 7 apartments were still for sale.
Lerchenbergstrasse, Erlenbach ZH
Five new-build semi-detached houses and three new-build apartment buildings with a total of 39 residential units and 93 underground parking spaces to Minergie standard with lettable floor space (100% residential) of 7730 square metres. The project was built by Allreal Generalunternehmung AG and completed in 2014. As at June 2016, 31 out of 33 residential units had been sold, 31 of which with transfer of ownership. 6 apartments were still for sale.
Escherhof, Wallisellen ZH
New-build apartment building with 122 condominiums, space for commercial and catering businesses on the ground floor and 116 underground parking spaces to Minergie standard with lettable floor space of 14 510 square metres. The project was built by Allreal Generalunternehmung AG and completed in 2013. As at June 2016, 122 out of 122 residential units had been sold, 121 of which with transfer of ownership.