Information on investment real estate
| Rest of Canton of Zurich |
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2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | ||||||||||
Residential real estate | |||||||||||||||||
Number | 6 | 5 | 10 | 10 | 4 | 4 | 20 | 19 | |||||||||
Living space | ’000 m2 | 22 | 20 | 86 | 86 | 18 | 18 | 126 | 124 | ||||||||
Vacancy rate1 | % | 4.7 | 13.2 | 1.6 | 2.7 | 1.8 | 3.3 | 2.4 | 5.0 | ||||||||
Rental income | CHF million | 7.3 | 6.0 | 20.4 | 20.5 | 5.0 | 5.0 | 32.7 | 31.5 | ||||||||
Earnings on property2 | CHF million | 6.4 | 5.1 | 17.9 | 17.9 | 4.1 | 4.0 | 28.4 | 27.0 | ||||||||
Gross return | % | 4.2 | 4.1 | 4.4 | 4.6 | 4.9 | 5.2 | 4.4 | 4.6 | ||||||||
Net yield3 | % | 3.7 | 3.4 | 3.9 | 4.0 | 4.0 | 4.2 | 3.9 | 3.9 | ||||||||
Acquisition value | CHF million | 143.0 | 120.4 | 331.1 | 331.1 | 84.3 | 84.3 | 558.4 | 535.8 | ||||||||
Market value | CHF million | 204.6 | 155.3 | 494.4 | 462.7 | 106.8 | 101.6 | 805.8 | 719.6 | ||||||||
Average market value per property | CHF million | 34.1 | 31.1 | 49.4 | 46.3 | 26.7 | 25.4 | 40.3 | 37.9 | ||||||||
Change in market value4 | CHF million | 22.3 | 5.3 | 31.7 | 21.8 | 5.2 | 4.9 | 59.2 | 32.0 | ||||||||
Commercial real estate | |||||||||||||||||
Number | 18 | 21 | 14 | 15 | 7 | 7 | 39 | 43 | |||||||||
Floor space | ’000 m2 | 304 | 319 | 200 | 203 | 52 | 52 | 556 | 574 | ||||||||
Vacancy rate1 | % | 4.4 | 7.0 | 8.0 | 11.2 | 6.3 | 4.6 | 5.7 | 8.0 | ||||||||
Rental income | CHF million | 83.2 | 85.6 | 42.0 | 40.7 | 15.4 | 17.1 | 140.6 | 143.4 | ||||||||
Earnings on property2 | CHF million | 71.4 | 68.2 | 36.0 | 32.7 | 13.1 | 15.2 | 120.5 | 116.1 | ||||||||
Gross return | % | 5.2 | 5.1 | 5.3 | 5.2 | 5.3 | 5.4 | 5.3 | 5.2 | ||||||||
Net yield3 | % | 4.5 | 4.1 | 4.5 | 4.2 | 4.5 | 4.9 | 4.5 | 4.2 | ||||||||
Acquisition value | CHF million | 1 569.6 | 1 622.6 | 798.5 | 822.6 | 303.3 | 303.0 | 2 671.4 | 2 748.2 | ||||||||
Market value | CHF million | 1 629.5 | 1 655.6 | 784.1 | 808.7 | 285.6 | 291.4 | 2 699.2 | 2 755.7 | ||||||||
Average market value per property | CHF million | 90.5 | 78.8 | 56.0 | 53.9 | 40.8 | 41.6 | 69.2 | 64.1 | ||||||||
Change in market value4 | CHF million | 32.9 | –12.7 | –7.7 | –12.6 | –6.1 | –4.7 | 19.1 | –30.0 | ||||||||
Investment real estate under construction | |||||||||||||||||
Number | 1 | 2 | 1 | – | – | – | 2 | 2 | |||||||||
Land area | 000 m2 | 11 | 13 | 11 | – | – | – | 22 | 13 | ||||||||
Acquisition value | CHF million | 42.3 | 36.8 | 11.9 | – | – | – | 54.2 | 36.8 | ||||||||
Market value | CHF million | 59.6 | 49.9 | 9.9 | – | – | – | 69.5 | 49.9 | ||||||||
Change in market value4 | CHF million | 8.6 | 13.8 | –1.9 | – | – | – | 6.7 | 13.8 | ||||||||
Investment volume | CHF million | 74.5 | 96.0 | 38.5 | – | – | – | 113.0 | 96.0 | ||||||||
1 In percent of target rental income, cumulative as at cut-off date
2 Rental income minus real estate expenses
3 Rental earnings in percent of continued market value on 1 January
4 From revaluation 31 December 2016 versus 31 December 2015