Development real estate

Florenstrasse, Winterthur ZH
Eight new-build apartment buildings with a total of 51 condominiums and 74 underground parking spaces, with lettable floor space (100% residential) of 6,232 square metres. It is being built by the Projects & Development division and is scheduled for completion in 2022. As at 31 December 2021, ownership had been transferred for 41 of the 51 residential units and ten had been notarised.

Widstud, Bülach ZH
New-build shooting centre with various indoor and outdoor facilities. The land was acquired in the first half of 2021 and the project comprises around 6,800 square metres of floor space. The property will be incorporated into the development real estate portfolio by the Projects & Development division upon completion. It is being built by the Projects & Development division. The work is due to be completed in autumn 2022, with the centre scheduled to open its doors in summer 2023. Widstud-Betriebsgesellschaft AG will act as the operating company under a longterm rental agreement with Allreal covering at least 30 years.

Florenstrasse

Development real estate as at 31 December 2021

 

Development reserves

Place Property Acquisition/
project start
Area of property in m2 Register of suspected contaminated sites Book value CHF million Estimated investment volume CHF million [1] Project status Expected completion
Luzern Eggen 2018 8 386 no 34.6 (2) 72.5 in planning open
Riehen Inzlingerstrasse 2019 10 883 no 19.0 (2) 52.6 in planning open
Rümlang Bäuler 1987 10 583 yes 5.8 (2) 30.0 in planning open
Zumikon Am Strubenacher 2019 4 569 no 12.9 (2) 33.8 in planning open
Zurich Badenerstrasse 501–505 2020 1 739 no 31.9 61.1 in planning open
Zurich Hauserstrasse 2019 1 341 no 7.1 (2) 15.0 in planning open
Zurich Spiserstrasse 2018/2019 3 001 no 32.1 (2) 75.2 in planning open
Chavannes pres Renens Av. de la Gare 84 2021 33 111 no     in planning open
Confignon Route de Base / Ch. des Charrotons 25 / Ch. des Grands-Champs 23 2021 6 232 no     in planning open
Geneva Av. de l'Amandolier 21 2021 822 no     in planning open
Geneva Av. Louis Casaï 12 2021 3 153 no     in planning open
Geneva Ch. du Dr J-L Prevost 3 2021 1 186 no     in planning open
Geneva Ch. Buisson 6 2021 476 no     in planning open
Geneva Ch. Mestrezat 5A, 5B et 7 2021 4 752 no     in planning open
Geneva Parcelle Joli-Mont 2 2021 1 041 no     in planning open
Geneva Rue Edouard Rod A4 2021 879 no     in planning open
Grand-Lancy Cure Baud 22 2021 1 040 no     in planning open
Lancy Av. du Cimetière 22 2021 1 053 no     in planning open
Lancy Ch. des Rambossons 10 et 12 2021 1 658 no     in planning open
Meyrin Av. Louis Casaï 68-70 2021 1 322 no     in planning open
Meyrin Ch. de Joinville 43 2021 1 320 no     in planning open
Nyon Tattes d'Oie 83 et 91 2021 6 093 yes     in planning open
Veyrier Route du Pas de l'Echelle 51 2021 5 864 no     in planning open
Veyrier Nord Pré des Dames 2021 14 557 no     in planning open
          274.0 (3) 738.0    

 

Development reserves

Property Eggen
Acquisition/project start 2018
Area of property in m2 8 386
Register of suspected contaminated sites no
Book value CHF million 34.6 (2)
Estimated investment volume CHF million [1] 72.5
Project status in planning
Expected completion open
Property Inzlingerstrasse
Acquisition/project start 2019
Area of property in m2 10 883
Register of suspected contaminated sites no
Book value CHF million 19.0 (2)
Estimated investment volume CHF million [1] 52.6
Project status in planning
Expected completion open
Property Bäuler
Acquisition/project start 1987
Area of property in m2 10 583
Register of suspected contaminated sites yes
Book value CHF million 5.8 (2)
Estimated investment volume CHF million [1] 30.0
Project status in planning
Expected completion open
Property Am Strubenacher
Acquisition/project start 2019
Area of property in m2 4 569
Register of suspected contaminated sites no
Book value CHF million 12.9 (2)
Estimated investment volume CHF million [1] 33.8
Project status in planning
Expected completion open
Property HBadenerstrasse 501-505
Acquisition/project start 2020
Area of property in m2 1 739
Register of suspected contaminated sites no
Book value CHF million 31.9
Estimated investment volume CHF million [1] 61.1
Project status in planning
Expected completion open
Property Hauserstrasse
Acquisition/project start 2019
Area of property in m2 1 341
Register of suspected contaminated sites no
Book value CHF million 7.1 (2)
Estimated investment volume CHF million [1] 15.0
Project status in planning
Expected completion open
Property Spiserstrasse
Acquisition/project start 2018/2019
Area of property in m2 3 001
Register of suspected contaminated sites no
Book value CHF million 32.1 (2)
Estimated investment volume CHF million [1] 75.2
Project status in planning
Expected completion open
Property Av. de la Gare 84
Acquisition/project start 2021
Area of property in m2 33 111
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Route de Base / Ch. des Charrotons 25 / Ch. des Grands-Champs 23
Acquisition/project start 2021
Area of property in m2 6 232
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Av. de l'Amandolier 21
Acquisition/project start 2021
Area of property in m2 822
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Av. Louis Casaï 12
Acquisition/project start 2021
Area of property in m2 3 153
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Ch. du Dr J-L Prevost 3
Acquisition/project start 2021
Area of property in m2 1 186
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Ch. Buisson 6
Acquisition/project start 2021
Area of property in m2 476
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Ch. Mestrezat 5A, 5B et 7
Acquisition/project start 2021
Area of property in m2 4 752
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Parcelle Joli-Mont 2
Acquisition/project start 2021
Area of property in m2 1 041
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Rue Edouard Rod A4
Acquisition/project start 2021
Area of property in m2 879
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Cure Baud 22
Acquisition/project start 2021
Area of property in m2 1 040
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Av. du Cimetière 22
Acquisition/project start 2021
Area of property in m2 1 053
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Ch. des Rambossons 10 et 12
Acquisition/project start 2021
Area of property in m2 1 658
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Av. Louis Casaï 68-70
Acquisition/project start 2021
Area of property in m2 1 322
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Ch. de Joinville 43
Acquisition/project start 2021
Area of property in m2 1 320
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Tattes d'Oie 83 et 91
Acquisition/project start 2021
Area of property in m2 6 093
Register of suspected contaminated sites yes
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Route du Pas de l'Echelle 51
Acquisition/project start 2021
Area of property in m2 5 864
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
Property Route du Pas de l'Echelle 51
Acquisition/project start 2021
Area of property in m2 14 557
Register of suspected contaminated sites no
Book value CHF million  
Estimated investment volume CHF million [1]  
Project status in planning
Expected completion open
   
Book value CHF million 274.0 (3)
Estimated investment volume CHF million [1] 738.0
Book value CHF million 417.4
Estimated investment volume CHF million [1] 1 078.2

 

Buildings under construction

Place Property Acquisition/project start Area of property in m2 Register of suspected contaminated sites Book value CHF million Estimated investment volume CHF million [1] Project status Expected completion
Bülach Widstud 2021 56 945 yes 10.5 (2) 29.3 under completion 2022
Winterthur Florenstrasse 2016 11 582 no 6.9 (2) 11.2 under completion 2022

 

Buildings under construction

Winterthur  
Property Florenstrasse
Acquisition/project start 2016
Area of property in m2 11 582
Register of suspected contaminated sites no
Book value CHF million 6.9 (2)
Estimated investment volume CHF million [1] 11.2
Project status under completion
Expected completion 2022
Bülach  
Property Widstud
Acquisition/project start 2021
Area of property in m2 56 945
Register of suspected contaminated sites yes
Book value CHF million 10.5 (2)
Estimated investment volume CHF million [1] 29.3
Project status under completion
Expected completion 2022
Book value CHF million 17.4
Estimated investment volume CHF million [1] 40.5

 

Completed real estate

Place Property Acquisition/
project start
Area of property in m2 Register of suspected contaminated sites Book value CHF million Estimated investment volume CHF million [1] Project status Expected completion

Completed real estate

Book value CHF million 0.0
Book value CHF million 434.8
Estimated investment volume CHF million [1] 1 118.7

(1) Land and building costs
(2) Book value includes acquisition costs for the land 100% owned by Allreal as well as accrued project costs of third parties offset against prepayments for the notarised units
(3) Total for the development reserves Chavannes près Renens to Veyrier Nord

 

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