Portfolio overview
| CHF/EUR in million | Switzerland | France | Germany | Netherlands | Total | |
|---|---|---|---|---|---|---|
| Market value | CHF | 370.4 | 382.7 | 330.8 | 122.2 | 1 206.1 |
| EUR | 307.5 | 317.8 | 274.7 | 101.5 | 1 001.4 | |
| % | 30.7 | 31.7 | 27.5 | 10.1 | 100.0 | |
| Number of properties | 9 | 8 | 27 | 16 | 60 | |
| Annualized adjusted contracted rent* | CHF | 16.5 | 12.3 | 23.5 | 11.2 | 63.5 |
| EUR | 13.7 | 10.2 | 19.5 | 9.3 | 52.7 | |
| Vacancy rate* | % | 5.3 | 13.5 | 13.5 | 13.0 | 11.4 |
| Office | m² | 45 818 | 49 090 | 94 420 | 54 516 | 243 843 |
| Retail | m² | 2 694 | – | 68 211 | 1 594 | 72 499 |
| Trade/logistics | m² | 1 550 | – | 20 662 | 146 016 | 168 228 |
| Other | m² | 18 379 | 1 175 | 15 794 | 33 084 | 68 432 |
| Total usable area | m² | 68 440 | 50 265 | 199 087 | 235 210 | 553 002 |
* without renovation projects
Analysis of annual rental income
The change in annual rental income between 31 March 2011 and 31 March 2012 is explained by the following factors:
| CHF/EUR in million | Switzerland CHF | France EUR | Germany EUR | Netherlands EUR |
|---|---|---|---|---|
| 31.3.2011 | 15.9 | 22.7 | 19.6 | 12.1 |
| Change in vacancy | 0.5 | –1.1 | –0.1 | –0.3 |
| Rental adjustments | 0.1 | 0.4 | 0.2 | –0.3 |
| 31.3.2012 unchanged portfolio (like-for-like) | 16.5 | 22.0 | 19.7 | 11.5 |
| Purchases/sales | 0.0 | 0.0 | –0.5 | –2.2 |
| Integration renovation project | 0.0 | 0.0 | 0.3 | 0.0 |
| Exclusion renovation project | 0.0 | –11.8 | 0.0 | 0.0 |
| 31.3.2012 | 16.5 | 10.2 | 19.5 | 9.3 |
Major tenants
| Tenant | Sector | % share of annual rental income |
|---|---|---|
| Faurecia, Paris | Automotive industry | 6.5% |
| Baker & McKenzie, Zurich | Law firm | 4.6% |
| Etat de Genève, Geneva | Public services | 4.2% |
| Antalis GmbH, Frechen | Distribution/paper | 3.7% |
| Europ Assistance, Paris-Gennevilliers | Insurance | 3.6% |
| Total | 22.6% |
Lease contract analysis CHF in million
