Real estate at a glance

   

2016

31.12.2016*

  

2015

31.12.2015*

  

Change in %1

Yield-producing properties

        

Residential real estate

number

  

20

  

19

  

+1

Commercial real estate

number

  

39

  

43

  

–4

Market value on cut-off date

CHF million

  

3 505.0

  

3 475.3

  

+0.9

Rental income from investment real estate

CHF million

  

173.3

  

174.9

  

–0.9

Vacancy rate2

%

  

5.1

  

7.5

  

–2.4

Real estate expenses

CHF million

  

–24.4

  

–31.8

  

–23.3

Real estate expenses

in % of rental income

  

14.1

  

18.2

  

–4.1

Gross yield3

%

  

5.1

  

5.1

  

–

Net yield4

%

  

4.4

  

4.2

  

+0.2

Investment real estate under construction

        

Buildings

number

  

2

  

2

  

–

Market value on cut-off date

CHF million

  

69.5

  

49.9

  

+39.3

Investment volume

CHF million

  

113.0

  

96.0

  

+17.7

Development real estate

        

Book value development reserves on cut-off date

CHF million

  

101.6

  

71.4

  

+42.3

Estimated investment volume development reserves

CHF million

  

615.0

  

637.0

  

–3.5

Book value buildings under construction on cut-off date

CHF million

  

8.3

  

171.4

  

–95.2

Estimated investment volume buildings under construction

CHF million

  

16.0

  

268.0

  

–94.0

Book value completed real estate on cut-off date

CHF million

  

55.8

  

52.7

  

+5.9

* Should no further particulars be given, values referring to the income statement concern the full year and balance sheet value the cut-off dates 31.12.2016 resp. 31.12.2015

1 Changes in quantum and percentage values are shown as absolute difference

2 In percent of targeted rental income, cumulated at cut-off date

3 Rental income from investment real estate in percent of continued market value as at 1 January

4 Rental profit from investment real estate in percent of continued market value as at 1 January