Peach Property Group AG

DGAP-Adhoc: Peach Property Group announces notarisation of sales agreement for 'Am Zirkus 1' project in Berlin

Peach Property Group AG   / Key word(s): Real Estate

07.10.2014 07:02

Release of an ad hoc announcement pursuant to Art. 53 KR
---------------------------------------------------------------------------

Press release

Peach Property Group announces notarisation of sales agreement for "Am
Zirkus 1" project in Berlin

Zurich, 7 October 2014 - Peach Property Group a leading property investor
and developer of high-end residential and commercial real estate, today
announced the notarisation of the agreement to sell its major "Am Zirkus 1"
project in Berlin to a special property fund of KanAm Grund. Situated in a
unique location right on the banks of the Spree river, the building was
developed in an 80:20 joint venture together with Deutsche Immobilien AG
(DIAG) (Peach share: 80 percent). The building received silver
certification from the German Sustainable Building Council (DGNB). On an
area of around 11,000 square metres, it hosts a 4 star "Leonardo" hotel
with 309 rooms. The designer hotel, which opened in August 2014, is
operated by the Fattal Group. The building also comprises commercial and
office space with a total gross floor area of around 5,000 square metres.
The anchor tenant is Roland Berger Strategy Consultants, one of the world's
leading strategy consulting firms.

Both parties agreed not to disclose the purchase price. The execution of
the sale is subject to the fulfilment of several qualitative conditions,
some of which are outside the control of Peach Property Group. Based on
today's knowledge, fulfilling these conditions will take at least two to
four months. The execution of the sale will allow Peach Property Group to
generate a cash flow of CHF 10 to CHF 12 million.

Peach Property Group was advised by Taylor Wessing and CBRE in this
transaction.

Contacts:

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


Media Germany
edicto GmbH, Axel Mühlhaus, Peggy Kropmanns
+49 (0) 69 90 55 05 52 | amuehlhaus@edicto.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

About KanAm Grund
Based in Frankfurt am Main, the KanAm Grund has handled a total transaction
volume of EUR 18 billion since it was established in October 2000. KanAm
Grund's staff in Frankfurt am Main and in its international offices in
Paris and Atlanta have many years' experience in the field of real estate
investments for investors interested in physical assets. Over the years,
the investment focus has been on high-quality properties in major world
cities such as Paris, London, Washington, D.C., and Toronto. The KanAm
Grund's activities benefit from its global network spanning strategically
important locations. In addition, the Group's independence means that it is
able to pursue investment strategies in investors' best interests.



+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=BHQTFWMYWH
Document title: Press Release


07.10.2014 News transmitted by EQS Schweiz AG.
The issuer is responsible for the contents of the release.

EQS publishes regulatory releases, media releases on the capital
market and press releases.
The EquityStory Group distributes authentic and real-time financial news
for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

---------------------------------------------------------------------------

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

End of Announcement                             EQS Group News-Service

---------------------------------------------------------------------------

 

 


Weitere Meldungen: Peach Property Group AG

Das könnte Sie auch interessieren: