Commercial real estate

Commercial real estate as at 30 June 2018

 

Ownership
status1

 

Year
acquired

 

Year of
con-
struction

 

Reno-
vations2

 

Area of
property
in m2

 

Register of
suspected
contami-
nated
sites

 

Minergie

 

Floor
space
in m2

 

Percen-
tage
of
office
space

 

Percen-
tage of
retail
space

 

Percen-
tage of
residential
space

 

Percen-
tage
of
other
uses

 

Target
rental
income
in CHF
 million
for 2018

 

Vacancy
rate
in %3

 

Discount/
capitali-
sation
rate
in %4

SO

2005

1995

9 254

no

no

18 642

90.8

0.0

0.0

9.2

7.0

0.0

4.20/3.70

SO

2004

1986

2017 TR

2 316

no

no

3 078

94.7

0.0

0.0

5.3

1.5

0.0

4.10/3.60

SO

2004

1974

2009/2010 PR

10 494

no

no

11 950

73.6

0.0

0.0

26.4

5.6

0.1

4.10/3.60

SO

2005

2001

11 712

no

no

26 139

7.8

54.6

32.7

4.9

6.9

2.4

4.30/3.80

SO

2000

1983

2007/2008 TR

1 254

no

no

4 743

74.5

3.0

10.5

12.0

1.4

3.9

4.30/3.80

SO

2001

1992

2013 PR

1 402

no

no

4 856

33.8

0.0

19.3

46.9

1.9

9.7

4.30/3.80

SO

2007

1977/2014

24 477

no

yes

87 004

87.2

0.0

12.8

0.0

20.9

0.6

4.20/3.80

SO

2002

1925

2006/2007 PR

7 870

yes

no

12 847

16.5

7.6

32.8

43.1

2.2

3.3

4.00/3.50

SO

2002

1945/2010

40 350

yes

no

50 432

32.3

0.0

0.0

67.7

10.0

1.2

–/–

SO

2010

2014

4 027

no

yes

11 256

95.8

0.0

0.0

4.2

3.6

0.0

4.50/4.00

SO

2001

1986

2006/2012 TR

2 894

no

no

10 190

91.0

0.0

0.0

9.0

4.1

0.2

4.40/3.90

SO

2000

1976

2014/2015 GR

3 101

no

no

6 244

45.8

0.0

6.0

48.2

1.6

0.0

4.70/4.20

LO

2004

2006

3 333

no

no

1 628

95.7

0.0

0.0

4.3

1.0

0.0

4.00/3.50

SO

1999

1966

2001 PR

1 389

no

no

1 729

77.1

0.0

0.0

22.9

0.5

0.0

4.50/4.00

SO

2002

2017

9 338

yes

yes

13 141

81.5

5.7

0.0

12.8

4.8

0.0

4.20/3.70

SO

2002

2005

12 295

no

yes

36 311

95.1

0.0

0.0

4.9

11.4

0.0

4.30/3.80

SO

1996

1995

1 482

no

no

3 277

33.5

0.0

55.3

11.2

0.8

0.6

4.10/3.60

SO

2008

1984

2007 PR

3 371

no

no

2 777

81.7

0.0

0.0

18.3

1.1

0.0

4.40/3.90

SO

1993/2006

1997

2017 PR

4 201

no

no

10 703

56.9

3.3

29.8

9.9

4.2

0.6

4.20/3.70

154 560

316 947

66.9

5.2

9.3

18.6

90.5

0.9

1 SO = sole ownership; LO = leasehold owned 100% by Allreal

2 TR = total renovation; PR = partial renovation

3 Cumulative vacancy rate as a percentage of target rental income for the first half-year 2018

4 As per 30.06.2018 valuation (nominal rates)

5 The new-build in the inner courtyard and the replacement new-build at Badenerstrasse 131 are reported as investment real estate under construction

6 The new-build at Hardstrasse 301 is reported as investment real estate under construction

Commercial real estate as at 30 June 2018

 

Ownership
status1

 

Year
acquired

 

Year of
construction

 

Reno-
vations2

 

 

Area

of property
in m2

 

Register of
suspected
contami-
nated
sites

 

Minergie

 

Floor
space
in m2

 

Percen-
tage of
office
space

 

Percen-
tage of
retail
space

 

Percen-
tage of
residential
space

 

Percen-

tage of
other

uses

 

Target

rental
income

in CHF

million
for 2018

 

Vacancy
rate
in %3

 

Discount/
capitali-
sation
rate

in %4

SO

2017

1989/90

2016 TR

24 834

no

no

38 933

77.4

5.6

1.6

15.3

8.0

0.0

4.00/3.50

SO

2015

1974

2006 TR

16 621

no

no

26 006

25.9

1.5

0.5

72.1

2.5

0.0

4.90/4.40

SO

1997

1969

1995 TR

4 086

no

no

7 417

9.0

74.7

0.0

16.3

1.7

19.0

5.40/4.90

SO

2001

1992

4 000

no

no

4 343

97.5

0.0

0.0

2.5

1.0

1.7

4.90/4.40

SO

2007

2014

5 167

no

yes

13 414

93.2

0.0

0.0

6.8

3.8

0.8

4.80/4.30

SO

1987

2007

5 241

no

yes

13 314

90.8

0.0

0.0

9.2

4.8

0.0

4.82/4.32

SO

2003

2003

7 089

no

no

10 193

88.2

0.0

0.0

11.8

2.1

0.7

4.80/4.30

SO

2002

1988

2012 GR

4 724

no

no

2 705

35.5

43.1

0.0

21.4

0.9

0.0

5.20/4.70

SO

2000

1993

4 667

yes

no

9 456

74.1

0.0

0.0

25.9

1.6

39.9

5.70/5.20

SO

2002

2013

13 078

no

yes

50 819

74.7

12.9

0.0

12.4

12.9

0.7

4.70/4.20

SO

2002

2014

16 875

no

yes

25 525

77.8

16.2

0.0

6.0

9.5

4.5

4.70/4.20

SO

2002

1928/53/86

2016/2017 TR

18 386

no

no

24 319

82.1

0.0

0.0

17.9

5.3

2.3

4.78/4.28

124 768

226 444

71.0

8.9

0.4

19.7

54.1

3.0

SO

2002

1981

17 960

no

no

10 112

76.4

0.0

0.0

23.6

2.6

22.1

4.50/4.00

SO

1999

1972

2014 GR

1 811

no

no

3 985

81.8

0.0

8.0

10.2

1.2

0.2

4.60/4.10

SO

2007

1972

2014 GR

1 658

no

no

2 829

71.9

0.0

3.4

24.7

0.6

0.7

4.60/4.10

SO

1999

1982

2012/2013 TR

718

no

no

4 292

37.5

27.8

30.3

4.4

1.5

2.8

4.50/4.00

SO

2009

1998

5 454

no

no

20 213

61.8

20.2

0.0

18.0

5.3

1.2

4.40/3.90

SO

2011

2004

8 442

no

no

5 498

92.8

0.0

0.0

7.2

3.1

5.7

4.60/4.10

SO

2017

2006

6 451

no

no

15 172

77.6

10.1

0.0

12.3

4.5

0.0

4.20/3.70

SO

2008

2010

1 417

yes

yes

5 516

91.8

0.0

0.0

8.2

2.3

0.0

4.40/3.90

43 911

67 617

72.6

10.1

2.5

14.8

21.0

4.1

323 239

611 008

69.0

7.1

5.3

18.6

165.7

2.0

1 SO = sole ownership; LO = leasehold owned 100% by Allreal

2 TR = total renovation; PR = partial renovation

3 Cumulative vacancy rate as a percentage of target rental income for the first half-year 2018

4 As per 30.06.2018 valuation (nominal rates)

5 Lightcube office building and co-ownership rights to the TMC Galleria car park

6 Allianz office building with retail space in Konradhof and Escherhof

7 UPC Switzerland office building with retail space and peripheral plots

8 Three properties