Commercial real estate

Commercial real estate as at 30 June 2020

 

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

                                                           
   

SO

 

2005

 

1995

 

2019 PR

 

9 254

 

no

 

no

 

18 642

 

90.8

 

0.0

 

0.0

 

9.2

 

6.4

 

0.0

 

3.80/3.30

   

SO

 

2004

 

1986

 

2017 TR

 

2 316

 

no

 

no

 

3 078

 

94.7

 

0.0

 

0.0

 

5.3

 

1.5

 

0.0

 

3.70/3.20

   

SO

 

2004

 

1974

 

2009/2010 PR

 

10 494

 

no

 

no

 

11 950

 

73.6

 

0.0

 

0.0

 

26.4

 

5.6

 

0.5

 

3.80/3.30

   

SO

 

2005

 

2001

 

2019 PR

 

11 712

 

no

 

no

 

26 139

 

7.8

 

54.6

 

32.7

 

4.9

 

6.8

 

0.2

 

3.60/3.10

   

SO

 

2000

 

1983

 

2007/2008 TR

 

1 254

 

no

 

no

 

4 743

 

74.5

 

3.0

 

10.5

 

12.0

 

1.4

 

0.6

 

3.80/3.30

   

SO

 

2001

 

1992

 

2013 PR

 

1 402

 

no

 

no

 

4 856

 

33.8

 

0.0

 

19.3

 

46.9

 

1.9

 

1.1

 

3.80/3.30

   

SO

 

2007

 

1977/2014

     

24 477

 

no

 

yes

 

87 004

 

87.2

 

0.0

 

12.8

 

0.0

 

20.9

 

0.3

 

4.00/3.60

   

SO

 

2002

 

1925

 

2006/2007
TR/2019 PR

 

7 870

 

yes

 

no

 

12 847

 

16.5

 

7.6

 

32.8

 

43.1

 

2.0

 

3.9

 

3.50/3.00

   

SO

 

2002

 

1945/2010

 

2019 PR

 

40 350

 

yes

 

no

 

50 432

 

32.3

 

0.0

 

0.0

 

67.7

 

10.0

 

2.8

 

–/–

   

SO

 

2010

 

2014

     

4 027

 

no

 

yes

 

11 256

 

95.8

 

0.0

 

0.0

 

4.2

 

3.6

 

0.0

 

4.00/3.50

   

SO

 

2001

 

1986

 

2006/2012 TR

 

2 894

 

no

 

no

 

10 190

 

91.0

 

0.0

 

0.0

 

9.0

 

4.1

 

0.3

 

3.90/3.40

   

SO

 

2000

 

1976

 

2014/2015 TR

 

3 101

 

no

 

no

 

6 244

 

45.8

 

0.0

 

6.0

 

48.2

 

1.6

 

0.0

 

4.20/3.70

   

LO

 

2004

 

2006

     

3 333

 

no

 

no

 

1 628

 

95.7

 

0.0

 

0.0

 

4.3

 

1.0

 

0.0

 

3.70/3.20

   

SO

 

1999

 

1966

 

2001 PR

 

1 389

 

no

 

no

 

1 729

 

77.1

 

0.0

 

0.0

 

22.9

 

0.5

 

0.0

 

4.10/3.60

   

SO

 

2002

 

2017

     

9 338

 

yes

 

yes

 

13 141

 

81.5

 

5.7

 

0.0

 

12.8

 

4.8

 

0.0

 

3.60/3.10

   

SO

 

2002

 

2005

     

12 295

 

no

 

yes

 

36 311

 

95.1

 

0.0

 

0.0

 

4.9

 

11.4

 

0.0

 

4.10/3.60

   

SO

 

1996

 

1995

     

1 482

 

no

 

no

 

3 277

 

33.5

 

0.0

 

55.3

 

11.2

 

0.8

 

0.2

 

3.50/3.00

   

SO

 

2008

 

1984

 

2007 PR

 

3 371

 

no

 

no

 

2 777

 

81.7

 

0.0

 

0.0

 

18.3

 

1.2

 

0.0

 

4.10/3.60

   

SO

 

1993/2006

 

1997

 

2017 PR

 

4 201

 

no

 

no

 

10 703

 

56.9

 

3.3

 

29.8

 

9.9

 

4.2

 

0.1

 

3.60/3.10

                 

154 560

         

316 947

 

66.9

 

5.2

 

9.3

 

18.6

 

89.6

 

0.6

   

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 2020

4 As per 30.06.2020 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 2020

 

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

                                                           
   

SO

 

2017

 

1989/90

 

2016 PR

 

24 834

 

no

 

no

 

38 933

 

77.4

 

5.6

 

1.6

 

15.3

 

8.1

 

0.0

 

4.00/3.50

   

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

   

SO

 

2001

 

1992

     

4 000

 

no

 

no

 

4 343

 

97.5

 

0.0

 

0.0

 

2.5

 

1.0

 

12.9

 

4.50/4.00

   

SO

 

2007

 

2014

     

5 167

 

no

 

yes

 

13 414

 

93.2

 

0.0

 

0.0

 

6.8

 

3.9

 

0.1

 

4.50/4.00

   

SO

 

1987

 

2007

     

5 241

 

no

 

yes

 

13 314

 

90.8

 

0.0

 

0.0

 

9.2

 

3.7

 

0.0

 

4.42/3.92

   

SO

 

2003

 

2003

     

7 089

 

no

 

no

 

10 193

 

88.2

 

0.0

 

0.0

 

11.8

 

2.1

 

2.6

 

4.50/4.00

   

SO

 

2002

 

1988

 

2012 TR

 

4 724

 

no

 

no

 

2 705

 

35.5

 

43.1

 

0.0

 

21.4

 

0.9

 

0.0

 

5.00/4.50

   

SO

 

2000

 

1993

     

4 667

 

yes

 

no

 

9 456

 

74.1

 

0.0

 

0.0

 

25.9

 

1.4

 

27.0

 

5.60/5.10

   

SO

 

2002

 

2013

     

13 078

 

no

 

yes

 

50 819

 

74.7

 

12.9

 

0.0

 

12.4

 

13.0

 

0.4

 

4.45/3.95

   

SO

 

2002

 

2014

     

16 875

 

no

 

yes

 

25 525

 

77.8

 

16.2

 

0.0

 

6.1

 

9.4

 

1.3

 

4.40/3.90

   

SO

 

2002

 

1928/53/86

     

18 386

 

no

 

no

 

24 319

 

82.1

 

0.0

 

0.0

 

17.9

 

5.3

 

2.3

 

4.38/3.88

                 

120 682

         

219 027

 

73.1%

 

6.6

 

0.4

 

19.8

 

51.3

 

1.7

   
                                                           
   

SO

 

2002

 

1981

     

17 960

 

no

 

no

 

10 112

 

76.4

 

0.0

 

0.0

 

23.6

 

2.5

 

22.6

 

4.50/4.00

   

SO

 

1999

 

1972

 

2014 TR

 

1 811

 

no

 

no

 

3 985

 

81.8

 

0.0

 

8.0

 

10.2

 

1.2

 

0.4

 

4.50/4.00

   

SO

 

2007

 

1972

 

2014 TR

 

1 658

 

no

 

no

 

2 829

 

71.9

 

0.0

 

3.4

 

24.7

 

0.6

 

0.2

 

4.50/4.00

   

SO

 

1999

 

1982

 

2012/2013 PR

 

718

 

no

 

no

 

4 292

 

37.5

 

27.8

 

30.3

 

4.4

 

1.3

 

1.2

 

4.30/3.80

   

SO

 

2009

 

1998

     

5 454

 

no

 

no

 

20 213

 

61.8

 

20.2

 

0.0

 

18.0

 

5.2

 

1.1

 

4.20/3.70

   

LO

 

2018

 

1999

     

7 323

 

no

 

no

 

22 540

 

85.7

 

1.8

 

0.0

 

12.6

 

9.6

 

0

 

4.40/3.90

   

SO

 

2011

 

2004

     

8 442

 

no

 

no

 

5 498

 

92.8

 

0.0

 

0.0

 

7.2

 

3.1

 

6.0

 

4.50/4.00

   

SO

 

2017

 

2006

     

6 451

 

no

 

no

 

15 172

 

77.6

 

10.1

 

0.0

 

12.3

 

4.6

 

0.0

 

4.10/3.60

   

SO

 

2008

 

2010

     

1 417

 

yes

 

yes

 

5 516

 

91.8

 

0.0

 

0.0

 

8.2

 

2.2

 

2.7

 

4.30/3.80

                 

51 234

         

90 157

 

75.8

 

8.0

 

1.9

 

14.3

 

30.3

 

2.9

   
                 

326 476

         

626 131

 

70.3

 

6.1

 

5.1

 

18.4

 

171.2

 

1.3

   

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 2020

4 As per 30.06.2020 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 office building with retail space and peripheral plots

8 Three properties