7. Properties held for sale

CHF 1,000

1st half 2022

1st half 2021

Acquisition costs as at 1 January

16,904

21,501

Increases

111

29

Disposals

–728

–1,922

Acquisition costs as at 30 June

16,287

19,608

Increases consisted purchases of buildings and ongoing construction activities in development properties.

In the 1st half 2022, a retail unit of “Gstaadstrasse 6/8” in Saanen, was sold.

In the 1st half 2021, several apartments of “Route de Crans 89” in Lens, “Gstaadstrasse 6/8” in Saanen and “Avenue Neuve 22” in Ardon, were sold.