Information on investment real estate properties
City of Zurich | Rest of Canton Zurich | Other regions | Total real estate | ||||||||||||||
2020* | 2019* | 2020* | 2019* | 2020* | 2019* | 2020* | 2019* | ||||||||||
Residential real estate | |||||||||||||||||
Number | 6 | 6 | 11 | 11 | 4 | 4 | 21 | 21 | |||||||||
Living space | 000 m2 | 25 | 25 | 93 | 93 | 18 | 18 | 136 | 136 | ||||||||
Vacancy rate1 | % | 0.8 | 1.2 | 2.7 | 4.9 | 1.5 | 1.4 | 2.1 | 3.8 | ||||||||
Rental income | CHF million | 4.6 | 4.1 | 11.1 | 10.8 | 2.5 | 2.5 | 18.3 | 17.5 | ||||||||
Earnings on property2 | CHF million | 4.4 | 3.7 | 8.6 | 9.5 | 2.1 | 1.8 | 15.0 | 15.0 | ||||||||
Gross yield | % | 3.4 | 3.7 | 3.6 | 3.8 | 3.9 | 4.2 | 3.6 | 3.8 | ||||||||
Net yield3 | % | 3.2 | 3.3 | 2.8 | 3.3 | 3.3 | 3.1 | 3.0 | 3.3 | ||||||||
Acquisition value | CHF million | 187.4 | 187.3 | 375.7 | 375.9 | 84.4 | 84.4 | 647.5 | 647.4 | ||||||||
Market value | CHF million | 277.2 | 273.4 | 612.0 | 611.8 | 125.0 | 125.0 | 1 014.2 | 1 010.2 | ||||||||
Average market | CHF million | 46.2 | 45.6 | 55.6 | 55.6 | 31.3 | 31.3 | 48.3 | 48.1 | ||||||||
Change in market value4 | CHF million | 3.7 | 10.4 | 0.2 | 2.5 | 0.0 | 0.0 | 3.9 | 12.9 | ||||||||
Commercial real estate | |||||||||||||||||
Number | 19 | 19 | 15 | 15 | 9 | 9 | 43 | 43 | |||||||||
Floor space | 000 m2 | 317 | 317 | 219 | 219 | 90 | 90 | 626 | 626 | ||||||||
Vacancy rate1 | % | 0.6 | 0.4 | 1.7 | 1.8 | 2.9 | 3.8 | 1.3 | 1.5 | ||||||||
Rental income | CHF million | 44.4 | 44.5 | 23.9 | 26.1 | 13.5 | 14.5 | 81.8 | 85.1 | ||||||||
Earnings on property2 | CHF million | 38.0 | 38.9 | 21.9 | 23.8 | 11.9 | 13.5 | 71.8 | 76.2 | ||||||||
Gross yield | % | 4.7 | 5.0 | 5.2 | 5.5 | 6.2 | 6.3 | 5.1 | 5.3 | ||||||||
Net yield3 | % | 4.1 | 4.4 | 4.8 | 5.0 | 5.4 | 5.9 | 4.4 | 4.8 | ||||||||
Acquisition value | CHF million | 1 620.8 | 1 616.2 | 964.1 | 964.2 | 531.7 | 531.6 | 3 116.6 | 3 111.9 | ||||||||
Market value | CHF million | 1 892.1 | 1 874.4 | 917.4 | 919.9 | 433.6 | 438.0 | 3 243.1 | 3 232.3 | ||||||||
Average market | CHF million | 99.6 | 98.7 | 61.2 | 61.3 | 48.2 | 48.7 | 75.4 | 75.2 | ||||||||
Change in market value4 | CHF million | 13.0 | 22.3 | –2.5 | –8.6 | –4.2 | –2.8 | 6.3 | 10.9 | ||||||||
Investment real estate | |||||||||||||||||
Number | 2 | 2 | 2 | 2 | |||||||||||||
Land area | 000 m2 | 9 | 9 | 9 | 9 | ||||||||||||
Acquisition value | CHF million | 89.2 | 71.7 | 89.2 | 71.7 | ||||||||||||
Market value | CHF million | 134.6 | 99.6 | 134.6 | 99.6 | ||||||||||||
Change in market value4 | CHF million | 17.5 | 5.9 | 17.5 | 5.9 | ||||||||||||
Investment volume | CHF million | 115.8 | 116.9 | 115.8 | 116.9 | ||||||||||||
* Should no further particulars be given, values referring to the income statement and yield information concern the first half-year, and balance sheet values
the cut-off date on 30.06.2020 or as at 31.12.2019
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 2020, respectively