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.

 

Visualisierung

Investment real estate under construction as at 30 June 2022

Location Property  Acquisition/
project start
Area of
property
in m2 
Register of
suspected
contaminated
sites 
Market value  
CHF million [1] 
Estimated
investment
volume
CHF million [2] 
Target rental
income
on
completion
p.a.
CHF million
Expected completion 
Geneva Avenue de l'Amondolier 21 2021 1667 no 8.6 9.6 0.4 2024
Petit Lancy Avenue de Cimetière 22 2021 2116 no 11.7 8.7 0.4 2023
Zürich Bellerivestrasse 36 2004/2021 10 494 no 144.2 177.3 7.1 2023
 

[1] As per 30.06.2022 valuation
[2] Building and land costs

Investment real estate under construction as at 30 June 2022

Property Avenue de l'Amondolier 21
Acquisition/project start 2021
Area of property in m2 1667
Register of suspected 
contaminated sites
no
Market value CHF million [1] 8.6
Estimated investment
volume CHF million [2]
9.6
Target rental income on 
completion p.a. CHF million
0.4
Expected completion 2024
Property Avenue de Cimetière 22
Acquisition/project start 2021
Area of property in m2 2116
Register of suspected 
contaminated sites
no
Market value CHF million [1] 11.7
Estimated investment
volume CHF million [2]
8.7
Target rental income on 
completion p.a. CHF million
0.4
Expected completion 2023
Property Bellerivestrasse
Acquisition/project start 2004/2021
Area of property in m2 10 494
Register of suspected 
contaminated sites
no
Market value CHF million [1] 144.2
Estimated investment
volume CHF million [2]
177.3
Target rental income on 
completion p.a. CHF million
7.1
Expected completion 2023
Market value CHF million [1] 164.5
Estimated investment 
volume CHF million [2]
195.6
Target rental income on 
completion p.a. CHF million
7.9

[1] As per 30.06.2022 valuation
[2] Building and land costs

Top