11. Properties held for sale

Audited information

CHF 1,000

2022

2021

Acquisition costs as at 1 January

16,904

21,501

Increases

179

169

Disposals

–728

–4,767

Acquisition costs as at 31 December

16,354

16,904

Increases consisted of renovations and ongoing construction activities in development properties.

In 2022, a retail unit at “Gstaadstrasse 6/8” in Saanen was sold.

In 2021, several apartments at “Route de Crans 89” in Lens, “Gstaadstrasse 6/8” in Saanen and “Avenue Neuve 22” in Ardon were sold.