Peach Property Group AG

EQS-News: Peach Property Group AG: Key progress in planning for the Gretag site in Regensdorf near Zurich


EQS Group-News: Peach Property Group AG  / Key word(s): Real Estate
Peach Property Group AG: Key progress in planning for the Gretag site in
Regensdorf near Zurich

09.12.2015 / 07:00
The issuer is solely responsible for the content of this announcement.

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Press release

Peach Property Group AG:Key progress in planning for the Gretag site in
Regensdorf near Zurich

-Town council resolves partial revision of the construction and zoning
regulations and approves private design plan for the "Gretag site"

-Construction of 650 rental apartments expected from 2017

-Further step in reinforcing strategy of growing value-add residential
investment portfolio

Zurich, 9 December 2015 - Peach Property Group AG, one of the leading investors
in the residential and commercial real estate sectors, has made key progress for
the "Gretag site" in Regensdorf close to Zurich. The town council meeting on 7
December 2015 resolved to partially revise the construction and zoning
regulations for the "Bahnhof-Nord" area and approved the private design plan for
the "Gretag site". Developing the "Bahnhof Nord" area contributes to the future
growth as well as to the concentration of the mid- term development into central
areas in line with the Canton's planning guideline - in particular given that
this is currently the largest development area in the Canton of Zurich. The
Gretag site is a central component in this development plan. The most recent
resolutions by the town council are a further milestone in realizing the planned
residential construction on this site.

Peach Property Group is planning to build 654 apartments in several construction
phases. These will have a modest price level and will also include commercial
and restaurant spaces. When finished, the site will have a total rental area of
approx. 55,000 square metres. Construction is expected to start from 2017. The
Gretag site comprises more than 48,000 square meters (of which around 36,000
square meters are owned by Peach Property Group) and is characterised by its
excellent location at Regensdorf train station, close to Zurich.

The partial revision of the construction and zoning regulations as well as the
private design plan are key foundations for the both the Gretag site as well as
for future projects at other sites in the "Bahnhof Nord" area. They will now be
submitted to the Canton of Zurich for approval.

The planned investments at the Gretag site will kick off the transformation of
the entire "Bahnhof Nord" area. A central factor in the long-term, successful
development of this area continues to be the institutionalised, strong
cooperation between all of the property owners both between themselves and also
with the town council. Peach Property Group will contribute actively towards the
top-quality development of this entire region in the future - together with all
of the partners.

Dr. Thomas Wolfensberger, Peach Property Group's CEO commented: "The resolution
by the council meeting is a key step for us in realising our planned residential
construction project on the Gretag site. This has allowed us to further drive
our strategy of a stronger portfolio of properties that will result in increased
values, and to thus reinforce the ongoing income from rental income."

Contact:

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

German media

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 leading property investor and developer focused on
investments in Germany and Switzerland. The Group stands for long time
experience, competence and quality. Innovative solutions for modern housing
needs, strong partnerships and a wide value chain complete the profile of the
Group. The portfolio consists of an increasing number of high yield investment
properties, typically in B-cities in close reach to metropolitan areas. In
addition, the Group develops properties for its own portfolio or for the sale as
condominium. Developments for sale focus on A-locations and encompass attractive
architecture and high level furnishing for an international clientele. The
business activities of the Group cover the entire value chain, from property
acquisition and site selection to active asset management and finally to the
sale or lease of properties.

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=TDMMNQYKYA
Document title: Press Release

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09.12.2015  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:   Regulated Unofficial Market in Berlin, Stuttgart; Open Market in
Frankfurt ; SIX


End of News EQS Group News Service
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