Commercial real estate

Commercial real estate as at 30 June 2019

Location

  

Address

  

Ownership
status1

  

Year
acquired

  

Year of
cons-
truction

  

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 2019

  

Vacancy
rate
in %3

  

Discount/
capitali-
sation
rate
in %4

City of Zurich

                               

Zurich

  

Bändliweg 21

  

SO

  

2005

  

1995

  

2019 PR

  

9 254

  

no

  

no

  

18 642

  

90.8

  

0.0

  

0.0

  

9.2

  

7.0

  

0.0

  

3.90/3.40

Zurich

  

Bellerivestrasse 30

  

SO

  

2004

  

1986

  

2017 TR

  

2 316

  

no

  

no

  

3 078

  

94.7

  

0.0

  

0.0

  

5.3

  

1.6

  

0.0

  

4.00/3.50

Zurich

  

Bellerivestrasse 36

  

SO

  

2004

  

1974

  

2009/2010 PR

  

10 494

  

no

  

no

  

11 950

  

73.6

  

0.0

  

0.0

  

26.4

  

5.6

  

0.3

  

3.90/3.40

Zurich

  

Binzmühlestrasse 95–99 / Therese Giehse-Strasse 1

  

SO

  

2005

  

2001

  

2019 PR

  

11 712

  

no

  

no

  

26 139

  

7.8

  

54.6

  

32.7

  

4.9

  

6.9

  

0.3

  

3.80/3.30

Zurich

  

Birmensdorferstrasse 108 / Weststrasse 75

  

SO

  

2000

  

1983

  

2007/2008 TR

  

1 254

  

no

  

no

  

4 743

  

74.5

  

3.0

  

10.5

  

12.0

  

1.4

  

1.6

  

4.10/3.60

Zurich

  

Brandschenkestrasse 38/40

  

SO

  

2001

  

1992

  

2013 PR

  

1 402

  

no

  

no

  

4 856

  

33.8

  

0.0

  

19.3

  

46.9

  

1.9

  

2.1

  

4.10/3.60

Zurich

  

Förrlibuckstrasse 109 (Toni site)

  

SO

  

2007

  

1977/2014

    

24 477

  

no

  

yes

  

87 004

  

87.2

  

0.0

  

12.8

  

0.0

  

21.0

  

0.3

  

4.10/3.70

Zurich

  

Grüngasse 27–31 / Badenerstrasse 119–133
(Grünhof site)5

  

SO

  

2002

  

1925

  

2006/2007 PR

  

7 870

  

yes

  

no

  

12 847

  

16.5

  

7.6

  

32.8

  

43.1

  

1.1

  

9.3

  

3.80/3.30

Zurich

  

Hardstrasse 319 (Escher-Wyss site)6

  

SO

  

2002

  

1945/2010

    

40 350

  

yes

  

no

  

50 432

  

32.3

  

0.0

  

0.0

  

67.7

  

10.0

  

0.0

  

–/–

Zurich

  

Herostrasse 12

  

SO

  

2010

  

2014

    

4 027

  

no

  

yes

  

11 256

  

95.8

  

0.0

  

0.0

  

4.2

  

3.6

  

0.0

  

4.30/3.80

Zurich

  

Hohlstrasse 600

  

SO

  

2001

  

1986

  

2006/2012 TR

  

2 894

  

no

  

no

  

10 190

  

91.0

  

0.0

  

0.0

  

9.0

  

4.1

  

0.3

  

4.20/3.70

Zurich

  

Kalchbühlstrasse 22/24

  

SO

  

2000

  

1976

  

2014/2015 TR

  

3 101

  

no

  

no

  

6 244

  

45.8

  

0.0

  

6.0

  

48.2

  

1.6

  

0.2

  

4.50/4.00

Zurich

  

Kreuzstrasse 5

  

LO

  

2004

  

2006

    

3 333

  

no

  

no

  

1 628

  

95.7

  

0.0

  

0.0

  

4.3

  

1.0

  

0.0

  

3.90/3.40

Zurich

  

Renggerstrasse 3

  

SO

  

1999

  

1966

  

2001 PR

  

1 389

  

no

  

no

  

1 729

  

77.1

  

0.0

  

0.0

  

22.9

  

0.5

  

6.2

  

4.30/3.80

Zurich

  

Schiffbaustrasse 2 (Schiffbauplatz)

  

SO

  

2002

  

2017

    

9 338

  

yes

  

yes

  

13 141

  

81.5

  

5.7

  

0.0

  

12.8

  

4.8

  

0.0

  

3.70/3.20

Zurich

  

Vulkanstrasse 106

  

SO

  

2002

  

2005

    

12 295

  

no

  

yes

  

36 311

  

95.1

  

0.0

  

0.0

  

4.9

  

11.8

  

0.0

  

4.30/3.80

Zurich

  

Weststrasse 74

  

SO

  

1996

  

1995

    

1 482

  

no

  

no

  

3 277

  

33.5

  

0.0

  

55.3

  

11.2

  

0.8

  

1.2

  

3.90/3.40

Zurich

  

Zollikerstrasse 183

  

SO

  

2008

  

1984

  

2007 PR

  

3 371

  

no

  

no

  

2 777

  

81.7

  

0.0

  

0.0

  

18.3

  

1.2

  

0.0

  

4.30/3.80

Zurich

  

Zollstrasse / Josefstrasse 23–29 / Klingenstrasse 4

  

SO

  

1993/2006

  

1997

  

2017 PR

  

4 201

  

no

  

no

  

10 703

  

56.9

  

3.3

  

29.8

  

9.9

  

4.2

  

0.9

  

3.60/3.10

Total city of Zurich

          

154 560

      

316 947

  

66.9

  

5.2

  

9.3

  

18.6

  

89.8

  

0.4

   

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 2019

4 As per 30.06.2019 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 of 30 June 2019

Location

  

Address

  

Ownership
status1

  

Year
acquired

  

Year of
cons-
truction

  

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 2019

  

Vacancy
rate
in %3

  

Discount/
capitali-
sation
rate
in %4

Rest of Canton Zurich

                              

Adliswil

  

Soodmattenstrasse 2/4/6/8/108

  

SO

  

2017

  

1989/90

  

2016 PR

  

24 834

  

no

  

no

  

38 933

  

77.4

  

5.6

  

1.6

  

15.3

  

8.0

  

0.0

  

4.00/3.50

Dübendorf

  

Sonnentalstrasse 8

  

SO

  

2015

  

1974

 

2006 PR

  

16 621

  

no

  

no

  

26 006

  

25.9

  

1.5

  

0.5

  

72.1

  

2.5

  

0.0

  

4.90/4.40

Glattbrugg

  

Thurgauerstrasse 111

  

SO

  

1997

  

1969

  

1995 PR

  

4 086

  

no

  

no

  

7 417

  

9.0

  

74.7

  

0.0

  

16.3

  

1.6

  

15.5

  

5.20/4.70

Kloten

  

Schaffhauserstrasse 115/121

  

SO

  

2001

  

1992

    

4 000

  

no

  

no

  

4 343

  

97.5

  

0.0

  

0.0

  

2.5

  

1.0

  

9.4

  

4.80/4.30

Opfikon

  

Boulevard Lilienthal 2–8

  

SO

  

2007

  

2014

    

5 167

  

no

  

yes

  

13 414

  

93.2

  

0.0

  

0.0

  

6.8

  

3.9

  

0.1

  

4.70/4.20

Opfikon

  

Lindbergh-Allee 15

  

SO

  

1987

  

2007

    

5 241

  

no

  

yes

  

13 314

  

90.8

  

0.0

  

0.0

  

9.2

  

4.3

  

0.0

  

4.72/4.22

Schlieren

  

Bernstrasse 55

  

SO

  

2003

  

2003

    

7 089

  

no

  

no

  

10 193

  

88.2

  

0.0

  

0.0

  

11.8

  

2.1

  

0.9

  

4.70/4.20

Schlieren

  

Zürcherstrasse 104

  

SO

  

2002

  

1988

  

2012 PR

  

4 724

  

no

  

no

  

2 705

  

35.5

  

43.1

  

0.0

  

21.4

  

0.9

  

0.0

  

5.10/4.60

Urdorf

  

In der Luberzen 29

  

SO

  

2000

  

1993

    

4 667

  

yes

  

no

  

9 456

  

74.1

  

0.0

  

0.0

  

25.9

  

1.5

  

6.2

  

5.70/5.20

Wallisellen

  

Allianz office building6

  

SO

  

2002

  

2013

    

13 078

  

no

  

yes

  

50 819

  

74.7

  

12.9

  

0.0

  

12.4

  

13.0

  

0.6

  

4.50/4.00

Wallisellen

  

UPC office building7

  

SO

  

2002

  

2014

    

16 875

  

no

  

yes

  

25 525

  

77.8

  

16.2

  

0.0

  

6.0

  

9.5

  

3.8

  

4.50/4.00

Winterthur

  

Schützenstrasse 2 /
Zürcherstrasse 12+148

  

SO

  

2002

  

1928/53/86

  

2016/2017 PR

  

18 386

  

no

  

no

  

24 319

  

82.1

  

0.0

  

0.0

  

17.9

  

5.3

  

1.8

  

4.58/4.08

Total rest of Canton Zurich

          

124 768

      

226 444

  

71.0

  

8.9

  

0.4

  

19.7

  

53.6

  

1.8

   

Other regions

                               

Baar

  

Baarermatte

  

SO

  

2002

  

1981

    

17 960

  

no

  

no

  

10 112

  

76.4

  

0.0

  

0.0

  

23.6

  

2.6

  

21.9

  

4.50/4.00

Basel

  

Missionsstrasse 60–62a

  

SO

  

1999

  

1972

  

2014 TR

  

1 811

  

no

  

no

  

3 985

  

81.8

  

0.0

  

8.0

  

10.2

  

1.2

  

0.8

  

4.50/4.00

Basel

  

Missionsstrasse 64–64a

  

SO

  

2007

  

1972

  

2014 TR

  

1 658

  

no

  

no

  

2 829

  

71.9

  

0.0

  

3.4

  

24.7

  

0.6

  

0.4

  

4.50/4.00

Basel

  

Steinenvorstadt 36

  

SO

  

1999

  

1982

  

2012/2013 PR

  

718

  

no

  

no

  

4 292

  

37.5

  

27.8

  

30.3

  

4.4

  

1.4

  

9.7

  

4.30/3.80

Basel

  

Viaduktstrasse 40–44 /
Binningerstrasse 35

  

SO

  

2009

  

1998

    

5 454

  

no

  

no

  

20 213

  

61.8

  

20.2

  

0.0

  

18.0

  

5.2

  

2.0

  

4.20/3.70

Bern

  

Freiburgstrasse 130

  

LO

  

2018

  

1999

    

7 323

  

no

  

no

  

22 540

  

85.7

  

1.8

  

0.0

  

12.6

  

9.6

  

0

  

4.40/3.90

Le Grand-­Saconnex

  

Route François–Peyrot 10–14

 

SO

  

2011

  

2004

    

8 442

  

no

  

no

  

5 498

  

92.8

  

0.0

  

0.0

  

7.2

  

3.1

  

11.1

  

4.50/4.00

Nyon

  

Avenue Perdtemps 239

  

SO

  

2017

  

2006

    

6 451

  

no

  

no

  

15 172

  

77.6

  

10.1

  

0.0

  

12.3

  

4.5

  

0.0

  

4.10/3.60

Petit-Lancy

  

Chemin des Olliquettes 4 /
Chemin du Gué 99

  

SO

  

2008

  

2010

    

1 417

  

yes

  

yes

  

5 516

  

91.8

  

0.0

  

0.0

  

8.2

  

2.3

  

0.0

  

4.30/3.80

Total other regions

          

51 234

      

90 157

  

75.8

  

8.0

  

1.9

  

14.3

  

30.5

  

3.8

   

Total commercial real estate

          

330 562

      

633 548

  

69.6

  

6.9

  

5.1

  

18.4

  

174.0

  

1.5

   

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 2019

4 As per 30.06.2019 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