Information on investment real estate properties
City of Zurich | Rest of Canton Zurich | Other regions | Total real estate | ||||||||||||||
2018* | 2017* | 2018* | 2017* | 2018* | 2017* | 2018* | 2017* | ||||||||||
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 | % | 0.7 | 2.7 | 2.7 | 1.0 | 2.0 | 1.4 | 2.1 | 1.5 | ||||||||
Rental income | CHF million | 4.1 | 4.0 | 10.1 | 10.3 | 2.5 | 2.5 | 16.7 | 16.8 | ||||||||
Earnings on property2 | CHF million | 4.0 | 3.4 | 8.1 | 8.5 | 2.1 | 2.2 | 14.2 | 14.1 | ||||||||
Gross yield | % | 3.9 | 3.9 | 4.1 | 4.2 | 4.5 | 4.7 | 4.1 | 4.2 | ||||||||
Net yield3 | % | 3.8 | 3.3 | 3.3 | 3.4 | 3.8 | 4.0 | 3.5 | 3.5 | ||||||||
Acquisition value | CHF million | 146.0 | 143.8 | 332.1 | 331.1 | 84.3 | 84.3 | 562.3 | 559.2 | ||||||||
Market value | CHF million | 212.7 | 212.0 | 496.8 | 495.4 | 110.9 | 110.9 | 820.4 | 818.4 | ||||||||
Average market | CHF million | 35.4 | 35.3 | 49.7 | 49.5 | 27.7 | 27.7 | 41.0 | 40.9 | ||||||||
Change in market value4 | CHF million | 0.7 | 1.0 | 0.4 | 0.8 | 0.0 | 0.0 | 1.1 | 1.8 | ||||||||
Commercial real estate | |||||||||||||||||
Number | 19 | 19 | 16 | 16 | 8 | 8 | 43 | 43 | |||||||||
Floor space | ’000 m2 | 317 | 317 | 226 | 226 | 68 | 68 | 611 | 611 | ||||||||
Floor space1 | % | 0.9 | 1.4 | 3.0 | 5.3 | 4.1 | 6.4 | 2.0 | 3.2 | ||||||||
Rental income | CHF million | 45.3 | 41.7 | 26.0 | 21.1 | 9.9 | 7.8 | 81.2 | 70.6 | ||||||||
Earnings on property2 | CHF million | 42.0 | 37.9 | 23.5 | 17.3 | 9.2 | 7.1 | 74.7 | 62.3 | ||||||||
Gross yield | % | 5.1 | 5.1 | 5.4 | 5.5 | 5.1 | 5.5 | 5.2 | 5.3 | ||||||||
Net yield3 | % | 4.8 | 4.7 | 4.9 | 4.5 | 4.7 | 5.0 | 4.8 | 4.7 | ||||||||
Acquisition value | CHF million | 1 606.6 | 1 642.4 | 987.0 | 986.8 | 419.5 | 419.7 | 3 013.1 | 3 048.9 | ||||||||
Market value | CHF million | 1 732.4 | 1 758.8 | 961.0 | 961.0 | 388.2 | 393.0 | 3 081.5 | 3 112.8 | ||||||||
Average market | CHF million | 91.2 | 92.6 | 60.1 | 60.1 | 48.5 | 49.1 | 71.7 | 72.4 | ||||||||
Change in market value4 | CHF million | 9.5 | 10.1 | –0.1 | –4.2 | –4.8 | –3.0 | 4.6 | 2.9 | ||||||||
Investment real estate under construction | |||||||||||||||||
Number | 2 | 0 | 1 | 1 | – | – | 3 | 1 | |||||||||
Land area | ’000 m2 | 13 | 0 | 11 | 11 | – | – | 24 | 11 | ||||||||
Acquisition value | CHF million | 42.0 | 0.0 | 35.6 | 27.2 | – | – | 77.6 | 27.2 | ||||||||
Market value | CHF million | 45.8 | 0.0 | 37.1 | 25.4 | – | – | 83.0 | 25.4 | ||||||||
Change in market value4 | CHF million | 3.8 | 5.3 | 3.4 | –1.3 | – | – | 7.2 | 4.0 | ||||||||
Investment volume | CHF million | 118.9 | 0.0 | 38.5 | 38.5 | – | – | 157.4 | 38.5 |
* 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 30.06.2018 or 31.12.2017
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 2018 or 2017, respectively