12. Investment properties
Audited information|
CHF 1,000 |
Residential properties |
Commercial properties |
Properties under construction |
Total investment properties |
|
Market value as at 1 January 2021 |
1,365,595 |
75,153 |
27,706 |
1,468,454 |
|
|
|
|
|
|
|
Acquisition costs as at 1 January 2021 |
660,481 |
80,975 |
27,706 |
769,162 |
|
Increases |
49,232 |
11,013 |
5,212 |
65,456 |
|
Reclassifications |
- |
32,654 |
–32,654 |
- |
|
Acquisition costs as at 31 December 2021 |
709,713 |
124,642 |
263 |
834,617 |
|
|
|
|
|
|
|
Revaluation as at 1 January 2021 |
705,114 |
–5,822 |
- |
699,292 |
|
Gains on valuations |
197,062 |
4,656 |
- |
201,718 |
|
Losses on valuations |
–6,116 |
–11,483 |
- |
–17,599 |
|
Revaluation as at 31 December 2021 |
896,059 |
–12,649 |
- |
883,410 |
|
Market value as at 31 December 2021 |
1,605,772 |
111,993 |
263 |
1,718,028 |
|
|
|
|
|
|
|
Market value as at 1 January 2022 |
1,605,772 |
111,993 |
263 |
1,718,028 |
|
|
|
|
|
|
|
Acquisition costs as at 1 January 2022 |
709,713 |
124,642 |
263 |
834,617 |
|
Increases |
11,020 |
7,953 |
- |
18,973 |
|
Disposals |
–112,206 |
- |
- |
–112,206 |
|
Acquisition costs as at 31 December 2022 |
608,527 |
132,595 |
263 |
741,385 |
|
|
|
|
|
|
|
Revaluation as at 1 January 2022 |
896,059 |
–12,649 |
- |
883,410 |
|
Gains on valuations |
85,839 |
2,740 |
- |
88,580 |
|
Losses on valuations |
–6,898 |
–14,515 |
- |
–21,413 |
|
Disposals |
–200,393 |
- |
- |
–200,393 |
|
Revaluation as at 31 December 2022 |
774,608 |
–24,424 |
- |
750,184 |
|
Market value as at 31 December 2022 |
1,383,135 |
108,170 |
263 |
1,491,568 |
Increases consisted of value-enhancing renovations, purchases of buildings and investments.
In 2022, the following residential properties were disposed of:
- –Rue Antoine-Carteret 5, Rue du Colombier 11/13, Geneva
- –Rue Lamartine 13/15a/15b, Geneva
- –Rue Liotard 69/71, Geneva
- –Rue Lamartine 17a/17b, Geneva
- –Avenue de Vaudagne 29/31, Meyrin
- –Rue De-Livron 17/19, Meyrin
- –Rue de la Gabelle 3, Carouge
- –Rue du Maupas 61/63/65/67, Lausanne
- –Chemin des Lys 14, Lausanne
- –Avenue des Oiseaux 15/17, Lausanne
- –Avenue de Florissant 34/36, Renens
In 2021, the investment property under construction “Route d’Aproz 65” in Sion was reclassified to commercial properties upon completion.
As at 31 December 2022 and 2021, the valuation of investment properties was carried out by CBRE (Geneva) SA in accordance with national and international standards and guidelines.