Information on investment real estate properties
City of Zurich | Rest of Canton Zurich | Other regions | Total real estate | ||||||||||||||
2019* | 2018* | 2019* | 2018* | 2019* | 2018* | 2019* | 2018* | ||||||||||
Residential real estate | |||||||||||||||||
Number | 6 | 6 | 11 | 11 | 4 | 4 | 21 | 21 | |||||||||
Living space | ’000 m2 | 22 | 22 | 93 | 93 | 18 | 18 | 133 | 133 | ||||||||
Vacancy rate1 | % | 1.2 | 0.7 | 4.9 | 2.7 | 1.4 | 2.0 | 3.8 | 2.1 | ||||||||
Rental income | CHF million | 4.1 | 4.1 | 10.8 | 10.1 | 2.5 | 2.5 | 17.5 | 16.7 | ||||||||
Earnings on property2 | CHF million | 3.7 | 4.0 | 9.5 | 8.1 | 1.8 | 2.1 | 15.0 | 14.2 | ||||||||
Gross yield | % | 3.7 | 3.9 | 3.8 | 4.1 | 4.2 | 4.5 | 3.8 | 4.1 | ||||||||
Net yield3 | % | 3.3 | 3.8 | 3.3 | 3.3 | 3.1 | 3.8 | 3.3 | 3.5 | ||||||||
Acquisition value | CHF million | 144.0 | 144.0 | 375.7 | 375.0 | 84.4 | 84.3 | 604.0 | 603.3 | ||||||||
Market value | CHF million | 235.4 | 224.9 | 572.3 | 569.2 | 116.7 | 116.7 | 924.4 | 910.8 | ||||||||
Average market | CHF million | 39.2 | 37.5 | 52.0 | 51.7 | 29.2 | 29.2 | 44.0 | 43.4 | ||||||||
Change in market value4 | CHF million | 10.4 | 0.7 | 2.5 | 0.4 | 0.0 | 0.0 | 12.9 | 1.1 | ||||||||
Commercial real estate | |||||||||||||||||
Number | 19 | 19 | 16 | 16 | 9 | 9 | 44 | 44 | |||||||||
Floor space | ’000 m2 | 317 | 317 | 226 | 226 | 90 | 90 | 633 | 633 | ||||||||
Floor space1 | % | 0.4 | 0.9 | 1.8 | 3.0 | 3.8 | 4.1 | 1.5 | 2.0 | ||||||||
Rental income | CHF million | 44.5 | 45.3 | 26.1 | 26.0 | 14.5 | 9.9 | 85.1 | 81.2 | ||||||||
Earnings on property2 | CHF million | 38.9 | 42.0 | 23.8 | 23.5 | 13.5 | 9.2 | 76.2 | 74.7 | ||||||||
Gross yield | % | 5.0 | 5.1 | 5.5 | 5.4 | 6.3 | 5.1 | 5.3 | 5.2 | ||||||||
Net yield3 | % | 4.4 | 4.8 | 5.0 | 4.9 | 5.9 | 4.7 | 4.8 | 4.8 | ||||||||
Acquisition value | CHF million | 1 612.2 | 1 608.7 | 987.4 | 987.4 | 531.6 | 531.6 | 3 131.2 | 3 127.7 | ||||||||
Market value | CHF million | 1 799.4 | 1 773.6 | 948.1 | 956.7 | 457.6 | 460.7 | 3 205.1 | 3 191.0 | ||||||||
Average market | CHF million | 94.7 | 93.3 | 59.3 | 59.8 | 50.8 | 51.2 | 72.8 | 72.5 | ||||||||
Change in market value4 | CHF million | 22.3 | 9.5 | –8.6 | –0.1 | –2.8 | –4.8 | 10.9 | 4.6 | ||||||||
Investment real estate under construction | |||||||||||||||||
Number | 2 | 2 | – | – | – | – | 2 | 2 | |||||||||
Land area | ’000 m2 | 9 | 9 | – | – | – | – | 9 | 9 | ||||||||
Acquisition value | CHF million | 56.9 | 47.1 | – | – | – | – | 56.9 | 47.1 | ||||||||
Market value | CHF million | 73.7 | 58.1 | – | – | – | – | 73.7 | 58.1 | ||||||||
Change in market value4 | CHF million | 5.9 | 3.8 | – | 3.4 | – | – | 5.9 | 7.2 | ||||||||
Investment volume | CHF million | 117.5 | 120.1 | – | – | – | – | 117.5 | 120.1 | ||||||||
* 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 30.06.2019 or 31.12.2018
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 2019 or 2018, respectively