Real estate portfolio
As at 31 December 2011, the real estate portfolio comprised 128 properties with a value of approximately CHF 2,171 million, which breaks down into CHF 1,468 million for investment properties and CHF 703 million for development properties. The portfolio mix is optimised on an ongoing basis, and the residential component is gradually being increased through the planning and construction of investment properties for the company’s own property portfolio. The medium-term target is for office space, residential and other commercial usage to each account for around 30% of the portfolio.
Portfolio as at 31 December 2011
Portfolio mix as at 31 December 20114
Breakdown of portfolio by economic area5
(1) Including owner occupied properties
(2) Including commercial properties under construction (investment properties under construction) Aarau Polygon – Industriestrasse, site 3; Affoltern am Albis, Obstgartenstrasse; Horgen, Seestrasse 93 (Meilenwerk); Lausanne, Avenue d’Ouchy 4–6 and Lausanne, Les Pépinières, as own-portfolio developments
(3) Including residential properties under construction (investment properties under construction) Affoltern am Albis, Obfelderstrasse; Zurich, Manessestrasse 190 / 192 and Zurich, Turbinenstrasse – City West site C, as own-portfolio developments
(4) Breakdown of target rental income by type of use
(5) Breakdown of market/carrying amounts of properties by economic area