8. Investment properties
|
CHF 1,000 |
Residential properties |
Commercial properties |
Properties under construction |
Total investment properties |
|
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 |
7,499 |
4,023 |
- |
11,523 |
|
Disposals |
–98,620 |
- |
- |
–98,620 |
|
Acquisition costs as at 30 June 2022 |
618,592 |
128,665 |
263 |
747,520 |
|
|
|
|
|
|
|
Revaluation as at 1 January 2022 |
896,059 |
–12,649 |
- |
883,410 |
|
Gains on valuations |
72,872 |
2,612 |
- |
75,484 |
|
Losses on valuations |
–1,193 |
–10,162 |
- |
–11,355 |
|
Disposals |
–160,451 |
- |
- |
–160,451 |
|
Revaluation as at 30 June 2022 |
807,287 |
–20,199 |
- |
787,088 |
|
Market value as at 30 June 2022 |
1,425,879 |
108,466 |
263 |
1,534,608 |
|
|
|
|
|
|
|
Market value as at 1 January 2023 |
1,383,135 |
108,170 |
263 |
1,491,568 |
|
|
|
|
|
|
|
Acquisition costs as at 1 January 2023 |
608,527 |
132,595 |
263 |
741,385 |
|
Increases |
4,137 |
682 |
- |
4,819 |
|
Acquisition costs as at 30 June 2023 |
612,663 |
133,277 |
263 |
746,204 |
|
|
|
|
|
|
|
Revaluation as at 1 January 2023 |
774,608 |
–24,424 |
- |
750,184 |
|
Gains on valuations |
292 |
29 |
- |
321 |
|
Losses on valuations |
–46,550 |
–2,534 |
- |
–49,084 |
|
Revaluation as at 30 June 2023 |
728,351 |
–26,930 |
- |
701,421 |
|
Market value as at 30 June 2023 |
1,341,014 |
106,347 |
263 |
1,447,624 |
Increases consisted of value-enhancing renovations, purchases of buildings and investments.
In the 1st half 2022, the following residential properties were disposed of:
- –Geneva: Rue Antoine-Carteret 5/Rue du Colombier 11/13, Rue Lamartine 13/15a/15b, Rue Lamartine 17a/17b, Rue Liotard 69/71
- –Meyrin: Avenue de Vaudagne 29/31, Rue De-Livron 17/19
- –Carouge: Rue de la Gabelle 3
- –Lausanne: Rue du Maupas 61/63/65/67, Chemin des Lys 14, Avenue des Oiseaux 15/17
As at 30 June 2023 and 2022, the valuation of investment properties was carried out by CBRE (Geneva) SA in accordance with national and international standards and guidelines.