12. 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 2017 |
841,961 |
113,129 |
64 |
7,328 |
962,481 |
|
|
|
|
|
|
|
|
Acquisition costs as at 1 January 2017 |
332,905 |
97,747 |
64 |
7,328 |
438,044 |
|
Changes in scope of consolidation |
61,243 |
22,857 |
122 |
- |
84,221 |
|
Increases |
18,513 |
360 |
11,304 |
1,673 |
31,849 |
|
Disposals |
–4,017 |
–4,965 |
- |
- |
–8,982 |
|
Reclassifications |
–3,211 |
- |
3,211 |
–7,328 |
–7,328 |
|
Acquisition costs as at 31 December 2017 |
405,432 |
115,999 |
14,701 |
1,673 |
537,804 |
|
|
|
|
|
|
|
|
Revaluation as at 1 January 2017 |
509,056 |
15,382 |
- |
- |
524,438 |
|
Gains on valuations |
37,336 |
625 |
- |
- |
37,962 |
|
Losses on valuations |
–8,319 |
–4,126 |
–563 |
- |
–13,008 |
|
Disposals |
–2,187 |
–97 |
- |
- |
–2,284 |
|
Reclassifications |
–689 |
- |
689 |
- |
0 |
|
Revaluation as at 31 December 2017 |
535,197 |
11,785 |
126 |
- |
547,108 |
|
Market value as at 31 December 2017 |
940,629 |
127,784 |
14,826 |
1,673 |
1,084,912 |
|
|
|
|
|
|
|
|
Market value as at 1 January 2018 |
940,629 |
127,784 |
14,826 |
1,673 |
1,084,912 |
|
|
|
|
|
|
|
|
Acquisition costs as at 1 January 2018 |
405,432 |
115,999 |
14,701 |
1,673 |
537,804 |
|
Changes in scope of consolidation |
128,240 |
–19,939 |
- |
- |
108,301 |
|
Increases |
60,139 |
1,489 |
15,254 |
- |
76,882 |
|
Disposals |
–8,033 |
–7,388 |
–1,261 |
- |
–16,682 |
|
Reclassifications |
–2,536 |
- |
–3,621 |
- |
–6,157 |
|
Acquisition costs as at 31 December 2018 |
583,242 |
90,162 |
25,073 |
1,673 |
700,149 |
|
|
|
|
|
|
|
|
Revaluation as at 1 January 2018 |
535,197 |
11,785 |
126 |
- |
547,108 |
|
Gains on valuations |
32,395 |
552 |
- |
- |
32,947 |
|
Losses on valuations |
–5,655 |
–3,135 |
- |
- |
–8,790 |
|
Disposals |
1,092 |
2,327 |
- |
- |
3,419 |
|
Changes in scope of consolidation |
- |
1,039 |
- |
- |
1,039 |
|
Reclassifications |
- |
- |
–126 |
- |
–126 |
|
Revaluation as at 31 December 2018 |
563,029 |
12,567 |
- |
- |
575,597 |
|
Market value as at 31 December 2018 |
1,146,271 |
102,729 |
25,073 |
1,673 |
1,275,746 |
Increases consisted of value-enhancing renovations, purchases of buildings and investments.
In 2018, one residential property (Route de Pliany 16–18 in Crans-Montana), one commercial property (Chemin Lambien in Sion) and one property under construction (Route du Lac in Granges-Paccot) were sold. Additionally, the consolidated Group company “Domus Flavia Investments AG” and with it one commercial property (Rue Peillonnex 39 in Chêne-Bourg) was disposed.
In 2017, six residential properties (Avenue Général-Guisan 40 in Pully, Chemin Fagne 1 in Bière, Route de Tsarbouye 61 in Crans-Montana, Route du Pont du Diable 3 in Lens, Rue de la Télérésidence 2 in Lens and one building plot of Route de Crans 87 in Lens) and one commercial property (Chemin de Planchy 15/15a in Bulle) were sold.
The valuation of investment properties was carried out by Wüest Partner AG in accordance with national and international standards and guidelines.