Peach Property Group AG

DGAP-News: Peach Property Group AG celebrates topping-out ceremony for residential project Living 108 in Berlin's Mitte district

EQS Group-News: Peach Property Group AG / Key word(s): Real Estate
Peach Property Group AG celebrates topping-out ceremony for
residential project Living 108 in Berlin's Mitte district

04.09.2014 / 18:00

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Press release

Peach Property Group AG celebrates topping-out ceremony for residential
project Living 108 in Berlin's Mitte district

  - Build progressing according to plan; construction of 128 high-quality
    owner-occupied flats, spacious penthouses and urban apartments not far
    from new BND building enters its final phase

  - Sales volumes of EUR 36 million (CHF 44 million) expected, of which 85%
    already notarised

  - Completion projected for spring 2015

Berlin/Zurich, 4 September 2014 - Peach Property Group AG, a leading
property investor and developer of high-end residential and commercial real
estate, today celebrated the topping-out ceremony for its residential
project Living 108 on Chausseestraße, in Berlin's Mitte district.
Construction is proceeding quickly and according to plan. At the same time,
Peach Property Group AG has also been successful in marketing the
exclusive, owner-occupied flats, reporting high demand: More than 85
percent of the expected sales volume of EUR 36 million (CHF 44 million) has
already been notarised.

Living 108, a continuation of the completed neighbouring project Living
106, is being built in immediate proximity to the new Federal Intelligence
Service (Bundesnachrichtendienst - BND) building. This is Peach Property
Group's fourth Berlin project. The apartments are expected to be handed
over to their new owners in spring 2015. Living 108 is a collection of 128
high-quality, owner-occupied flats and three commercial units with a total
saleable area of 7,569 m². Potsdam-based agency Axthelm Architekten is
responsible for the design.

"The consistently high level of buyer interest since the project launch and
the quick progression of the build have turned Living 108 into a huge
success for us," stresses Bernd Hasse, Managing Director of Peach Property
Group (Deutschland) AG, "and it shows, as with our neighbouring project
Living 106, how positively our Living concept for modern, quality city
apartments is being received. We are also planning on developing further
Living projects in the future." As it stands, only 12 apartments are left
for sale. Apart from owner-occupied apartments and penthouses with roof
terraces, there is a strong demand for urban living suites - a popular
investment choice for private investors.

The Living 108 apartments have two to four rooms and surface areas of
between 38m2 and 121m2. Prices for apartments still currently on the market
range from EUR 269,500 to EUR 749,500. Residents will have access to their
own community space with fitness area, a common roof terrace with a
panoramic view of Berlin, and underground parking with spaces for 54
vehicles.

The traditional topping-out ceremony was accompanied by words of welcome
from architect Annette Axthelm, Marko Lehmann (Technical Branch Manager of
General Contractor Porr Deutschland GmbH) and Bernd Hasse, and was attended
by numerous buyers in addition to those involved in the build.


Further information
www.livingsuites.de

Images

http://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Fassade.
jpg
http://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Innenhof
.jpg
http://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Penthous
e.jpg
http://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Fitnessr
aum.jpg

Contacts:
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer
Dr. Marcel Kucher, Chief Financial Officer
+41 44 485 50 00 | investors@peachproperty.com

Media Germany
Koopmann.kommunikation | Hans Peter Koopmann
+49 (0)171 45 77 889 | post@koopmannkommunikation.de

About Peach Property Group AG

Peach Property Group AG is a property investor and developer focused on
investments in Switzerland and Germany. The portfolio includes an
increasing number of investment properties that are designed to generate
sustained income as well as attractive residential development properties.
The Group's activities cover the entire value chain, from site evaluation
to project planning, implementation and marketing. In the investment
segment, the Group is focused on properties with a potential for achieving
attractive yields based on active asset management - typically secondary
locations in the catchment area of urban agglomerations. In the development
segment, the Group concentrates on exceptional locations and properties
with high-end specifications and amenities that meet the requirements of a
demanding clientele.

Peach Property Group AG is headquartered in Zurich and has its German Group
headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss
Exchange (PEAN, ISIN CH0118530366).

For more information, see www.peachproperty.com



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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=OIREYFJNFO
Document title: Press Release

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04.09.2014 This Corporate News was distributed by EQS Schweiz AG.
www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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Language:    English
Company:     Peach Property Group AG
             Seestrasse 346
             8038 Zürich
             Switzerland
Phone:       +41 44 485 50 00
Fax:         +41 44 485 50 11
E-mail:   investors@peachproperty.com
Internet: www.peachproperty.com
ISIN:        CH0118530366
Valor:       A1C8PJ
Listed:      Freiverkehr in Berlin, Stuttgart; Frankfurt in Open Market
             ; SIX


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