Information on investment real estate properties
City of Zurich | Rest of Canton Zurich | Other regions | Total real estate | ||||||||||||||
2017* | 2016* | 2017* | 2016* | 2017* | 2016* | 2017* | 2016* | ||||||||||
Residential real estate | |||||||||||||||||
Number | 6 | 6 | 10 | 10 | 4 | 4 | 20 | 20 | |||||||||
Living space | ’000 m2 | 22 | 22 | 86 | 86 | 18 | 18 | 126 | 126 | ||||||||
Vacancy rate1 | % | 2.7 | 6.2 | 1.0 | 1.7 | 1.4 | 1.9 | 1.5 | 2.7 | ||||||||
Rental income | CHF million | 4.0 | 3.3 | 10.3 | 10.2 | 2.5 | 2.5 | 16.8 | 16.0 | ||||||||
Earnings on property2 | CHF million | 3.4 | 2.9 | 8.5 | 9.2 | 2.2 | 2.0 | 14.1 | 14.1 | ||||||||
Gross yield | % | 3.9 | 4.2 | 4.2 | 4.4 | 4.7 | 4.9 | 4.2 | 4.4 | ||||||||
Net yield3 | % | 3.3 | 3.7 | 3.4 | 4.0 | 4.0 | 3.9 | 3.5 | 3.9 | ||||||||
Acquisition value | CHF million | 145.4 | 143.0 | 331.1 | 331.1 | 84.3 | 84.3 | 560.8 | 558.4 | ||||||||
Market value | CHF million | 206.0 | 204.6 | 495.1 | 494.4 | 106.8 | 106.8 | 808.0 | 805.8 | ||||||||
Average market value by property | CHF million | 34.3 | 34.1 | 49.5 | 49.4 | 26.7 | 26.7 | 40.4 | 40.3 | ||||||||
Change in market value4 | CHF million | 1.0 | 11.4 | 0.8 | 0.0 | 0.0 | 0.0 | 1.8 | 11.4 | ||||||||
Commercial real estate | |||||||||||||||||
Number | 18 | 18 | 13 | 14 | 7 | 7 | 38 | 39 | |||||||||
Floor space | ’000 m2 | 304 | 304 | 188 | 200 | 52 | 52 | 544 | 556 | ||||||||
Floor space1 | % | 1.4 | 5.5 | 5.3 | 10.0 | 6.4 | 6.3 | 3.2 | 7.0 | ||||||||
Rental income | CHF million | 41.7 | 41.8 | 21.1 | 21.0 | 7.8 | 7.7 | 70.6 | 70.5 | ||||||||
Earnings on property2 | CHF million | 37.9 | 36.4 | 17.3 | 18.0 | 7.1 | 6.5 | 62.3 | 60.9 | ||||||||
Gross yield | % | 5.1 | 5.2 | 5.5 | 5.3 | 5.5 | 5.2 | 5.3 | 5.2 | ||||||||
Net yield3 | % | 4.7 | 4.5 | 4.5 | 4.5 | 5.0 | 4.5 | 4.7 | 4.5 | ||||||||
Acquisition value | CHF million | 1 575.1 | 1 569.6 | 773.7 | 798.5 | 303.3 | 303.3 | 2 652.0 | 2 671.4 | ||||||||
Market value | CHF million | 1 645.1 | 1 629.5 | 763.9 | 784.1 | 282.6 | 285.6 | 2 691.6 | 2 699.2 | ||||||||
Average market value by property | CHF million | 91.4 | 90.5 | 58.8 | 56.0 | 40.4 | 40.8 | 70.8 | 69.2 | ||||||||
Change in market value4 | CHF million | 10.1 | 2.9 | –4.2 | –4.3 | –3.0 | –6.2 | 2.9 | –7.6 | ||||||||
Investment real estate under construction | |||||||||||||||||
Number | 1 | 1 | 1 | 1 | – | – | 2 | 2 | |||||||||
Land area | ’000 m2 | 11 | 11 | 11 | 11 | – | – | 22 | 22 | ||||||||
Acquisition value | CHF million | 56.8 | 42.3 | 18.4 | 11.9 | – | – | 75.2 | 54.2 | ||||||||
Market value | CHF million | 79.3 | 59.6 | 15.2 | 9.9 | – | – | 94.5 | 69.5 | ||||||||
Change in market value4 | CHF million | 5.3 | 6.0 | –1.3 | 0.5 | – | – | 4.0 | 6.5 | ||||||||
Investment volume | CHF million | 74.5 | 74.5 | 38.5 | 38.5 | – | – | 113.0 | 113.0 |
* Should no further particulars be given, values referring to the income statement concern the 1st half-year,
and balance sheet values the cut-off date on 30.06.2017 or 31.12.2016
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 in first half-year 2017 or 2016 respectively