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Half-Year Report 2017

Press release Half-Year Results 2017

Presentation of the Half-Year Results 2017

5. Properties held for sale

In CHF 1,000

1st half 2017

1st half 2016

Acquisition costs as at 1 January

18,141

14,116

Increases from purchases

1,481

120

Capitalisation of borrowing costs

7

-

Disposals

–504

-

Reclassifications

7,328

-

Acquisition costs as at 30 June

26,452

14,236

In the 1st half 2017, one apartment in the jointly held (50%) property “Rue du Prado 19” was sold and the land “Saanen”, previously undeveloped plots of land, was reclassified as property held for sale.