6. 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 |
12,971 |
22,859 |
122 |
- |
35,951 |
|
Increases |
1,651 |
50 |
6,231 |
1,688 |
9,619 |
|
Disposals |
–1,205 |
–4,965 |
- |
- |
–6,170 |
|
Reclassifications |
- |
- |
- |
–7,328 |
–7,328 |
|
Acquisition costs as at 30 June 2017 |
346,323 |
115,691 |
6,416 |
1,688 |
470,117 |
|
|
|
|
|
|
|
|
Revaluation as at 1 January 2017 |
509,056 |
15,382 |
- |
- |
524,438 |
|
Gains on valuations |
22,730 |
126 |
- |
- |
22,856 |
|
Losses on valuations |
–2,418 |
–3,280 |
- |
- |
–5,698 |
|
Disposals |
–1,700 |
–97 |
- |
- |
–1,797 |
|
Revaluation as at 30 June 2017 |
527,667 |
12,131 |
- |
- |
539,798 |
|
Market value as at 30 June 2017 |
873,990 |
127,822 |
6,416 |
1,688 |
1,009,916 |
|
|
|
|
|
|
|
|
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 |
122,766 |
–19,939 |
- |
- |
102,827 |
|
Increases |
56,288 |
907 |
2,963 |
- |
60,159 |
|
Disposals |
–8,033 |
–7,387 |
- |
- |
–15,420 |
|
Reclassifications |
–2,534 |
- |
–730 |
- |
–3,264 |
|
Acquisition costs as at 30 June 2018 |
573,919 |
89,581 |
16,933 |
1,673 |
682,106 |
|
|
|
|
|
|
|
|
Revaluation as at 1 January 2018 |
535,197 |
11,785 |
126 |
- |
547,108 |
|
Changes in scope of consolidation |
- |
1,039 |
- |
- |
1,039 |
|
Gains on valuations |
10,000 |
488 |
- |
- |
10,488 |
|
Losses on valuations |
–6,255 |
–1,545 |
- |
- |
–7,801 |
|
Disposals |
1,103 |
2,327 |
- |
- |
3,430 |
|
Reclassifications |
- |
- |
–126 |
- |
–126 |
|
Revaluation as at 30 June 2018 |
540,045 |
14,093 |
- |
- |
554,138 |
|
Market value as at 30 June 2018 |
1,113,964 |
103,674 |
16,933 |
1,673 |
1,236,244 |
Increases consisted of value-enhancing renovations, purchases of buildings and investments.
In the 1st half 2018, one residential property (Route de Pliany 16–18 in Crans-Montana) and one commercial property (Chemin Lambien in Sion) were sold. Additionally, the consolidated Group company “Domus Flavia Investments AG” and with it one commercial propery (Rue Peillonnex 39 in Chêne-Bourg) was disposed.
In the 1st half 2017, two residential properties (Avenue Général-Guisan 40 in Pully, 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.