Investment real estate under construction

Avenue de l’Amandolier 21, Geneva
Construction of a new apartment building with 16 rental apartments, as well as retail space. The amount of space available for rent totals 1,288 square metres. The project is being executed by the Projects & Development division and, upon completion in the second half of 2024, will be reported in the portfolio of yieldproducing properties. For the market valuation as at the balance sheet cut-off date, nominal discount and capitalisation rates of 2.85% and 2.35%, respectively, were applied and are unchanged from 31 December 2021.

The investment real estate property under construction is 100 percent solely owned by Allreal.

Avenue du Cimetière 22, Petit-Lancy
Construction of a new apartment building with 17 rental apartments. The amount of space available for rent totals 1,067 square metres. The project is being executed by the Projects & Development division and, upon completion in the first half of 2023, will be reported in the portfolio of yield-producing properties. For the market valuation as at the balance sheet cut-off date, nominal discount and capitalisation rates of 3.05% and 2.55%, respectively, were applied and are unchanged from 31 December 2021.

The investment real estate property under construction is 100 percent solely owned by Allreal.

Bellerivestrasse 36, Zurich
Comprehensive total refurbishment of a commercial property, conforming to the high standards that are in place in terms of energy efficiency. The project is being executed by the Projects & Development division and, upon completion in the second half of 2023, will be reported in the portfolio of yield-producing properties. For the market valuation as at the balance sheet cut-off date, nominal discount and capitalisation rates of 3.50% and 3.00%, respectively, were applied (compared with 3.55% and 3.05%, respectively, as at 31 December 2021).

The investment real estate property under construction is 100 percent solely owned by Allreal.