CERTYNEX IFRS ACADEMY

Altéa holds a tower in lot-based co-ownership: floors 1 to 6 are leased to third parties, floors 7 and 8 house its head office. Each floor has a separate title and could be sold on its own (case data). What is the classification?

Classify the whole tower as investment property, because most floors are leased to third parties.

Account separately: floors 1 to 6 as investment property, floors 7 and 8 as owner-occupied property.

Classify the whole tower as owner-occupied property, because the entity occupies part of it.

Classify the whole tower according to management's future intention, without distinguishing the floors.