Investment real estate under construction

Bellerivestrasse 36, Zurich
Since 1 April 2021, the property at Bellerivestrasse 36, Zurich Riesbach, which had hitherto been reported as commercial real estate, has been reported as in-vestment real estate under construction. The property is being comprehensively renovated and will conform to the high standards that are in place in terms of energy efficiency. The project is being built by the Projects & Development division and, upon completion in the second half of 2023, will again be reported in the port-folio of yield-producing properties. For the market valuation as at the balance sheet cut-off date, nominal discount and capitalisation rates of 3.60% and 3.10%, respectively, were applied.

 

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

Visualisierung

Investment real estate under construction as at 30 June 2021

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 
Zürich Bellerivestrasse 36 2004/2021 10 494 no 122.9 173.0 6.8 2023
 

[1] As per 30.06.2021 valuation
[2] Building and land costs

Investment real estate under construction as at 30 June 2021

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] 122.9
Estimated investment
volume CHF million [2]
173.0
Target rental income on 
completion p.a. CHF million
6.8
Expected completion 2023
Market value CHF million [1] 122.9
Estimated investment 
volume CHF million [2]
173.0
Target rental income on 
completion p.a. CHF million
6.8

[1] As per 30.06.2021 valuation
[2] Building and land costs

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