4. DETAILED INFORMATION ON STATEMENT OF FINANCIAL POSITION ITEMS
4.1 Investment properties
In the first half of 2020/21, the value of the investment properties increased by KCHF 120, mainly due to value-enhancing investments of KCHF 183.
This was offset by changes in market value of KCHF 63. The positive changes in market value mainly related to the property in Zurich, Hardturmstrasse. The negative changes in market value related to the properties in Baden, Egg and Zurich, Holbeinstrasse.
Weighted average lease term (WALT) decreased in the first half year from 3.8 years to 3.4 years.
The principles and assumptions applied in the valuation of the investment properties are set out in the valuation report.
A complete list of all investment properties along with all information in accordance with the Directive on Financial Reporting of the SIX Swiss Exchange can be found in the portfolio section of this annual report. This additional information is an integral part of the notes to the consolidated semi-annual financial statements.