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 m2. The project is being executed by the Projects & Development division and, upon completion in the first half of 2025, 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 3.25% and 2.25% were applied (31.12. 2022: 3.25% and 2.25%).

The investment real estate under construction is 100% solely owned by Allreal

 

Rue Edouard-Rod 10, Geneva
Construction of a new apartment building with 16 rental apartments, as well as retail space on the ground floor. The amount of space available for rent totals 1,328 m2. The project is being managed by the Projects & Development division and, upon completion in the first half of 2025, 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.

The investment real estate under construction is 100% 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 again 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 3.95% and 2.95% were applied (2021: 3.55% and 3.05%).

The investment real estate under construction is 100% solely owned by Allreal

 

Renggerstrasse 3, Zurich
Conversion of a commercial building into an apartment building consisting of 21 apartments. The project will be executed by the Projects & Development division and, upon completion in the second half of 2025, 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 3.25% and 2.25%, respectively, were applied.

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

 

Bellerivestrasse 36, Zurich

Investment real estate under construction as at 30 June 2023

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 9.2 9.4 0.4 2025
Geneva Rue Edouard-Rod 10 2021/2023 1706 no 8.2 15.7 0.5 2025
Zurich Bellerivestrasse 36 2004/2021 10 494 no 175.6 177.4 7.2 2023
Zurich Renggerstrasse 3 1999/2023 1389 no 10.9 25.0 0.7 2025
 

[1] As per 30.06.2023 valuation
[2] Building and land costs

Investment real estate under construction as at 30 June 2023

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] 9.2
Estimated investment
volume CHF million [2]
9.4
Target rental income on 
completion p.a. CHF million
0.4
Expected completion 2025
Property Rue Edouard-Rod 10
Acquisition/project start 2021/2023
Area of property in m2 1706
Register of suspected 
contaminated sites
no
Market value CHF million [1] 8.2
Estimated investment
volume CHF million [2]
15.7
Target rental income on 
completion p.a. CHF million
0.5
Expected completion 2025
Property Bellerivestrasse 36
Acquisition/project start 2004/2021
Area of property in m2 10 494
Register of suspected 
contaminated sites
no
Market value CHF million [1] 175.6
Estimated investment
volume CHF million [2]
177.4
Target rental income on 
completion p.a. CHF million
7.2
Expected completion 2023
Property Renggerstrasse 3
Acquisition/project start 1999/2023
Area of property in m2 1389
Register of suspected 
contaminated sites
no
Market value CHF million [1] 10.9
Estimated investment
volume CHF million [2]
25.0
Target rental income on 
completion p.a. CHF million
0.7
Expected completion 2025
Market value CHF million [1] 203.9
Estimated investment 
volume CHF million [2]
227.5
Target rental income on 
completion p.a. CHF million
8.8

[1] As per 30.06.2023 valuation
[2] Building and land costs

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