Annual Report 2011-2012

Portfolio overview

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 45 818 49 090 94 420 54 516 243 843
Retail 2 694 68 211 1 594 72 499
Trade/logistics 1 550 20 662 146 016 168 228
Other 18 379 1 175 15 794 33 084 68 432
Total usable area 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

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

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Annual Report 2011-2012

Annual Report 2011-2012 (8.16 MB)