10  Development real estate

 

Development
reserves

 

Buildings under
construction

 

Completed
real estate

 

Total develop-
ment real estate

 

134.9

 

31.9

 

0.4

 

167.2

 

11.0

 

0.0

 

0.0

 

11.0

 

0.3

 

7.0

 

2.0

 

9.3

 

0.0

 

0.0

 

1.6

 

1.6

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

–4.0

 

–4.0

 

0.0

 

0.0

 

0.0

 

0.0

 

146.2

 

38.9

 

0.0

 

185.1

The addition to development reserves relates to the property Am Strubenacher in Zumikon ZH, ownership of which was transferred in the first half. The changes to buildings under construction relate to the projects Alter Züriweg in Zufikon AG and Florenstrasse in Winterthur ZH. The disposal of completed real estate is in connection with the transfer of ownership of residential units under the project Solistrasse in Bülach ZH. This generated income from sales Development of CHF 1.6 million.

Development real estate as at 30 June 2020

 

Acquisition/
project start

 

Area of property
in m2

 

Register of
suspected
contaminated
sites

 

Book value
CHF million

 

Estimated
investment
volume
CHF million1

 

Project status

 

Expected
completion

              
   

2013

 

46 419

 

no

 

37.42

 

175.0

 

in planning

 

open

   

2018

 

8 386

 

no

 

34.42

 

72.5

 

in planning

 

open

   

2019

 

10 883

 

no

 

18.62

 

52.6

 

in planning

 

open

   

1987

 

12 854

 

yes

 

6.82

 

30.0

 

in planning

 

open

   

2019

 

4 569

 

no

 

11.02

 

33.8

 

in planning

 

open

   

2019

 

1 341

 

no

 

7.12

 

15.0

 

in planning

 

open

   

2018/2019

 

3 001

 

no

 

30.92

 

75.2

 

in planning

 

open

       

146.2

 

454.1

    
   

2016

 

11 582

 

no

 

27.12

 

57.0

 

in progress

 

2022

   

2017

 

3 806

 

no

 

11.82

 

17.0

 

in progress

 

2021

       

38.9

 

74.0

    
   

2011

 

18 586

 

yes

 

0.02

      
       

0.0

      
    


185.1

 


528.1

    

1 Land and building costs

2 Book value includes acquisition costs for the land 100% owned by Allreal and accrued project costs of third parties

Florenstrasse, Winterthur ZH

Eight new-build apartment buildings with a total of 51 condominiums and 74 underground parking spaces with lettable floor space (100% residential) of 6,232 square metres. It is being built by Allreal Generalunternehmung AG and is scheduled for completion in 2022. As at 30 June 2020, contracts of sale had been notarised for 0 of the 51 residential units and 44 had been reserved.

Alter Züriweg, Zufikon AG

Two connected new-build stepped apartment blocks with a total of 20 condominiums and 30 underground parking spaces with lettable floor space (100% residential) of 2,007 square metres. It is being built by Allreal Generalunternehmung AG and is scheduled for completion in 2021. As at 30 June 2020, contracts of sale had been notarised for 17 of the 20 residential units, 0 of which with transfer of ownership, and 2 had been reserved.