Development real estate

Development real estate as at 31 December 2018

 

Development reserves

PlacePropertyAcquisition/
project start
Area of property in m2Register of suspected contaminated sitesBook value CHF millionEstimated investment volume CHF million [1]Project statusExpected completion
DielsdorfNeuwisen201346 419no36.9 (2)175.0in planningopen
LuzernEggen20188 386no33.9 (2)70.0in planningopen
RümlangBäuler198730 278yes16.0 (2)100.0in planningopen
WinterthurFlorenstrasse201611 582no21.0 (2)55.0in planningopen
ZufikonAlter Züriweg20173 806no5.9 (2)17.0in planningopen
ZurichSpiserstrasse20182 195no22.5 (2)47.0in planningopen


Development reserves

PropertyNeuwisen
Acquisition/project start2013
Area of property in m246 419
Register of suspected contaminated sitesno
Book value CHF million36.9 (2)
Estimated investment volume CHF million [1]175.0
Project statusin planning
Expected completionopen
PropertyEggen
Acquisition/project start2018
Area of property in m28 386
Register of suspected contaminated sitesno
Book value CHF million33.9 (2)
Estimated investment volume CHF million [1]70.0
Project statusin planning
Expected completionopen
PropertyBäuler
Acquisition/project start1987
Area of property in m230 278
Register of suspected contaminated sitesyes
Book value CHF million16.0 (2)
Estimated investment volume CHF million [1]100.0
Project statusin planning
Expected completionopen
Winterthur
PropertyFlorenstrasse
Acquisition/project start2016
Area of property in m211 582
Register of suspected contaminated sitesno
Book value CHF million21.0 (2)
Estimated investment volume CHF million [1]55.0
Project statusin planning
Expected completionopen
Zufikon
PropertyAlter Züriweg
Acquisition/project start2017
Area of property in m23 806
Register of suspected contaminated sitesno
Book value CHF million5.9 (2)
Estimated investment volume CHF million [1]17.0
Project statusin planning
Expected completionopen
Zurich
PropertySpiserstrasse
Acquisition/project start2018
Area of property in m22 195
Register of suspected contaminated sitesno
Book value CHF million22.5 (2)
Estimated investment volume CHF million [1]47.0
Project statusin planning
Expected completionopen
Book value CHF million136.2
Estimated investment volume CHF million [1]464.0


Buildings under construction

PlacePropertyAcquisition/project startArea of property in m2Register of suspected contaminated sitesBook value CHF millionEstimated investment volume CHF million [1]Project statusExpected completion
BülachSolistrasse201118 586yes11.455.0under completion2019


Buildings under construction

Bülach
PropertySolistrasse
Acquisition/project start2011
Area of property in m218 586
Register of suspected contaminated sitesyes
Book value CHF million11.4
Estimated investment volume CHF million [1]55.0
Project statusunder completion
Expected completion2019
Book value CHF million11.4
Estimated investment volume CHF million [1]55.0


Completed real estate

PlacePropertyAcquisition/
project start
Area of property in m2Register of suspected contaminated sitesBook value CHF millionEstimated investment volume CHF million [1]Project statusExpected completion
-----0.0---

Completed real estate

Zurich
PropertyGuggach
Acquisition/project start2016 (4)
Book value CHF million2.0
Book value CHF million2.0
Book value CHF million116.8
Estimated investment volume CHF million [1]472.0

(1) Land and building costs
(2) Book value includes acquisition costs for the land 100% owned by Allreal and accrued projects costs of third parties

Solistrasse, Bülach ZH
Five new-build apartment buildings with a total of 73 condominiums and 78 underground parking spaces to Minergie-Eco standard with lettable floor space (100% residential) of 8,150 square metres. It is being built by the Projects & Development division and is scheduled for completion in 2019. As at 31 December 2018, contracts of sale had been notarised for 56 out of 73 residential units and 5 had been reserved, 0 of which with transfer of ownership.

Guggach, Zurich
Four new-build apartment buildings with a total of 197 condominiums and 219 underground parking spaces to Minergie standard with lettable floor space (100% residential) of 25,919 square metres. The project was built by the Projects & Development division and completed in 2016. As at 31 December 2018, 197 out of 197 residential units had been sold, 196 of which with transfer of ownership.

The book value (CHF 2.5 million) of the residential unit still pending transfer of ownership was reclassified as contract assets.

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