11. Investment properties
|
In CHF 1,000 |
Residential properties |
Commercial properties |
Properties under construction |
Undeveloped plots of land |
Total investment properties |
|
Market value as at 1 January 2015 |
723,161 |
63,575 |
1,025 |
12,085 |
799,846 |
|
|
|
|
|
|
|
|
Acquisition costs as at 1 January 2015 |
278,513 |
43,994 |
1,025 |
12,085 |
335,617 |
|
Changes in scope of consolidation |
8,346 |
13,290 |
|
|
21,636 |
|
Increases from purchases |
12,628 |
187 |
3,048 |
|
15,863 |
|
Capitalisation of borrowing costs |
|
|
|
150 |
150 |
|
Disposals |
–19,386 |
|
|
|
–19,386 |
|
Reclassification |
5,520 |
|
|
|
5,520 |
|
Acquisition costs as at 31 December 2015 |
285,621 |
57,471 |
4,073 |
12,235 |
359,400 |
|
|
|
|
|
|
|
|
Revaluation as at 1 January 2015 |
444,648 |
19,581 |
|
|
464,229 |
|
Gains on valuations |
30,457 |
4,473 |
|
|
34,930 |
|
Losses on valuations |
–2,928 |
–480 |
–566 |
|
–3,974 |
|
Disposals |
–11,932 |
|
|
|
–11,932 |
|
Revaluation as at 31 December 2015 |
460,245 |
23,574 |
–566 |
- |
483,253 |
|
Market value as at 31 December 2015 |
745,866 |
81,045 |
3,507 |
12,235 |
842,653 |
|
|
|
|
|
|
|
|
Market value as at 1 January 2016 |
745,866 |
81,045 |
3,507 |
12,235 |
842,653 |
|
|
|
|
|
|
|
|
Acquisition costs as at 1 January 2016 |
285,621 |
57,471 |
4,073 |
12,235 |
359,400 |
|
Changes in scope of consolidation |
|
19,923 |
|
|
19,923 |
|
Increases from purchases |
39,462 |
23,452 |
4,000 |
295 |
67,209 |
|
Capitalisation of borrowing costs |
|
|
|
10 |
10 |
|
Disposals |
–187 |
–3,099 |
|
–999 |
–4,285 |
|
Reclassifications |
8,009 |
|
–8,009 |
–4,213 |
–4,213 |
|
Acquisition costs as at 31 December 2016 |
332,905 |
97,747 |
64 |
7,328 |
438,044 |
|
|
|
|
|
|
|
|
Revaluation as at 1 January 2016 |
460,245 |
23,574 |
–566 |
- |
483,253 |
|
Gains on valuations |
60,592 |
1,097 |
- |
- |
61,689 |
|
Losses on valuations |
–11,202 |
–3,912 |
- |
- |
–15,114 |
|
Disposals |
–13 |
–5,377 |
|
|
–5,390 |
|
Reclassifications |
–566 |
|
566 |
|
0 |
|
Revaluation as at 31 December 2016 |
509,056 |
15,382 |
0 |
- |
524,438 |
|
Market value as at 31 December 2016 |
841,961 |
113,129 |
64 |
7,328 |
962,481 |
Increases from purchases consisted of value-enhancing renovations of CHF 2.0 million (2015: CHF 4.2 million) and purchases and investments amounting to CHF 85.1 million (2015: CHF 11.7 million).
In 2016, one residential property (Route du Pont du Diable 7 in Lens) and two commercial properties (Chocolatière 21 in Echandens, C.-F. Ramuz 106 in Pully) were sold. CHF 3.4 million of the sales price was paid in securities, so the sales price was non-cash-effective to this extent.
In 2015, three residential properties (Moulins 127–129 and Moulins 131–133 in Yverdon-les-Bains, Pontarlier 1/Ancienne-Poste 36 in Vallorbe) were sold.
The valuation of investment properties was carried out by Wüest Partner AG in accordance with national and international standards and guidelines.