In 2019, the consolidated Group company La Foncière de la Dixence SA was deconsolidated, together with the development project “Route de la Forêt Derrière" in Hérémence. Moreover, several apartments of “Route de Vermala 43/45” in Crans-Montana, “Route de Crans 89” in Lens and “Gstaadstrasse 6/8” in Saanen were sold. The increases relate to the acquisition of “Avenue Neuve 22” in Ardon and to ongoing construction activities in development properties. The properties “Vermala 43/45” in Crans-Montana and “Route de Crans 87” in Lens were reclassified from residential properties.

In 2018, the two properties “Rue de Zurich 35” in Geneva and “Rue du Vieux-Chêne 20/22” in Chêne-Bougeries were acquired in connection with the takeover of Société d’investissements immobiliers SII SA. The increases relate to ongoing construction activities in development properties. The properties “Rue de Zurich 35” in Geneva, “Rue du Vieux-Chêne 20/22” in Chêne-Bougeries, one apartment in the jointly held (50%) property “Rue du Prado 19” in Lens and one apartment of “Route de la Forêt Derrière” in Hérémence were sold. The property “Chemin des Chantres 8” in St.-Sulpice was reclassified from investment properties under construction and the property “Route de Crans 89” in Lens was reclassified from residential properties.