The project volume completed by the Realisation department in the 2016 financial year amounted to CHF 493.7 million. The 19.4% decline compared to the previous year is due mainly to Allreal‘s limitation to third-party projects with a calculable risk, realistic schedules and existing profit potential. In addition, a clearly lower number of own projects and development projects was executed in the period under review compared to previous years. An annual project volume of approximately 500 million francs geared to the proven procedures and existing resources will secure profitability and the high level of execution quality.
The share of third-party projects in the completed project volume worked on in the year under review amounted to CHF 414.7 million or 84.0% (2015: CHF 467.0 million / 76.2%), that of own projects to CHF 51.9 million or 10.5% (2015: CHF 75.4 million / 12.3%) and that of development projects for sale to third parties to CHF 27.1 million or 5.5% (2015: CHF 70.5 million / 11.5%).
Of the entire volume of about 80 projects completed by Allreal in the period under review, CHF 353.4 million or 71.6% applied to new construction projects (2015: CHF 414.3 million / 67.6%) and CHF 140.3 million or 28.4% to renovation and conversion projects (2015: CHF 198.6 million / 32.4%).
The order backlog as at 31 December 2016 secured by projects for third parties, own projects and development projects amounting to CHF 702 million corresponds to a capacity utilisation of over twelve months on average.
Projects completed in the 2016 financial year
On land formerly used as a duty-free warehouse in Zurich Albisrieden and measuring 70,500 square metres, Allreal completed for Zürcher Freilager AG a residential complex comprising 800 rental apartments, 200 rooms for student accommodation and space for office, trade and gastronomy purposes. The project with a construction volume of approximately CHF 350 million comprises ten six-to-twelve-storey buildings and the renovation and extension of two existing buildings. This is Allreal’s largest third-party construction project to date. To ensure the required quality and meeting of deadlines, more than 20 construction supervisors and project supervisors were retained. The complex was awarded the certificate for 2000 watt complexes in September 2016. In the year under review, the project, which was begun in 2013, was transferred on schedule in several steps to the owners.
The following projects were completed in the period under review:
Refurbishment apartment buildings Fasanenstrasse | Basel |
Construction residential complex Moosholzwiesen | Egnach TG |
Refurbishment residential complex Sonnenmatt | Gattikon ZH |
Construction condominiums Pfruendmatt | Mettmenstetten ZH |
Construction condominiums Stauffacher* | Steinen SZ |
Construction apartment building Mitteldorf | Unterentfelden ZH |
Refurbishment residential complex Grindelstrasse | Volketswil ZH |
Construction residential complex LAC | Wädenswil ZH |
Refurbishment residential complex Flurstrasse | Zurich Albisrieden |
Refurbishment office building Zur Bastei | Zurich City |
Extension and conversion university hospital Balgrist | Zurich Hottingen |
Conversion residential and office building Am Kirchenweg | Zurich Riesbach |
Construction condominiums Guggach* | Zurich Unterstrass |
Refurbishment office building head office MAN* | Zurich-West |
Construction residential and commercial building Schiffbaustrasse* | Zurich-West |
Construction residential complex Am Oeschbrig | Zurich Witikon |
Current Projects
In Ebikon, Canton of Lucerne, Allreal constructed three Minergie-standard apartment buildings five to seven storeys high for EbiSquare AG. The complex comprises 191 rental apartments and a basement parking garage with 140 parking spaces. Construction of the residential complex designed as a perimeter-edge block at a cost of about CHF 50 million began in November 2015. Completion is planned for autumn 2017.
On four floors above street level, the Bodan residential and commercial building in Romanshorn, Canton of Thurgau, comprises 50 rental apartments, street-level retail and trade areas and a two-level parking garage with 135 parking spaces. The construction sum of the project started in mid-2015 amounts to approximately CHF 33 million. The design of the complex is based on the winning project in an architects’ and investors’ competition implemented by Allreal in 2012 on behalf of the town council of Romanshorn. Allreal sold the development project in 2015 to an institutional investor. Completion is scheduled for 2018.
Projects started in 2016
As a total contractor, Allreal is currently putting up four eight-storey apartment buildings for Plazza Immobilien AG near Wallisellen railway station comprising a total of 218 rental apartments, service and trade areas at street level and a basement parking garage with 213 parking spaces. The construction sum amounts to over CHF 80 million, and the project is scheduled for completion in June 2018.
Construction of the Fangletenstrasse project in Bülach-Nord on behalf of Allreal’s own portfolio was begun in October 2016. The four four-storey apartment buildings comprising 76 reasonably priced rental apartments represent the first of six projects of the Bülachguss site development. The arrangement of the ensemble of buildings on land measuring 11,230 square metres and bordering a forest guarantees high quality of living and leisure activities. The future yield-producing property will remain in the portfolio of investment real estate under construction until such time as construction will have been completed at the end of 2018.
Further projects taken up in the year under revue include:
Construction residential and commercial building Am Bahnhofplatz | Aarau |
Construction residential complex Mattenweg | Aarwangen BE |
Construction condominiums Kirschblütenweg* | Basel |
Construction residential complex Wohnenplus/Bergli | Bülach ZH |
Construction residential complex Finkhubel | Burgdorf BE |
Construction residential complex Brandriet | Effretikon ZH |
Construction apartment buildings Würzenbachmatte | Luzern |
Construction nursing home Im Spiegel | Rikon ZH |
Refurbishment residential complex Dennlerstrasse | Zurich Albisrieden |
Total restoration residential complex Kanzleistrasse | Zurich Aussersihl |
Construction gymnastics hall Grütli | Zurich Enge |
Construction apartment building Roswiesenstrasse | Zurich Schwamendingen |