Development real estate

Florenstrasse, Winterthur ZH
Eight new-build apartment buildings with a total of 51 condominiums and 74 un-derground 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 30 June 2021, contracts of sale had been notarised for all 51 residential units. The ownership had not yet been transferred for any of these units.

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 be-ing 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 long-term rental agreement with Allreal covering at least 30 years.

Florenstrasse

Development real estate as at 30 June 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 18.7 (2) 52.6 in planning open
Rümlang Bäuler 1987 10 583 yes 5.6 (2) 24.7 in planning open
Zumikon Am Strubenacher 2019 4 569 no 12.8 (2) 33.8 in planning open
Zurich Badenerstrasse 501–505 2020 1 739 no 31.5 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 31.9 (2) 75.2 in planning open

 

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 18.7 (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 5.6 (2)
Estimated investment volume CHF million [1] 24.7
Project status in planning
Expected completion open
Zumikon  
Property Am Strubenacher
Acquisition/project start 2019
Area of property in m2 4 569
Register of suspected contaminated sites no
Book value CHF million 12.8 (2)
Estimated investment volume CHF million [1] 33.8
Project status in planning
Expected completion open
Zurich  
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 31.5
Estimated investment volume CHF million [1] 61.1
Project status in planning
Expected completion open
Zurich  
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
Zurich  
Property Spiserstrasse
Acquisition/project start 2018/2019
Area of property in m2 3 001
Register of suspected contaminated sites no
Book value CHF million 31.9 (2)
Estimated investment volume CHF million [1] 75.2
Project status in planning
Expected completion open
Book value CHF million 142.2
Estimated investment volume CHF million [1] 334.9

 

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
Winterthur Florenstrasse 2016 11 582 no 38.1 (2) 57.3 under completion 2022
Bülach Widstud 2021 56 945 yes 3.9 (2) 30.8 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 31.7 (2)
Estimated investment volume CHF million [1] 57.3
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 3.9 (2)
Estimated investment volume CHF million [1] 30.8
Project status under completion
Expected completion 2022
Book value CHF million 42.0
Estimated investment volume CHF million [1] 88.0

 

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 184.2
Estimated investment volume CHF million [1] 422.9

(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

 

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