7. Properties held for sale

CHF 1,000

1st half 2023

1st half 2022

Acquisition costs as at 1 January

16,354

16,904

Increases

5

111

Disposals

–3,973

–728

Acquisition costs as at 30 June

12,386

16,287

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

In the 1st half 2023, a residential unit at “Gstaadstrasse 6/8” in Saanen was sold.

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