Peach Property Group AG

EQS-Adhoc: Peach Property Group acquires further property portfolio in North Rhine-Westphalia


EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Real Estate
Peach Property Group acquires further property portfolio in North
Rhine-Westphalia

13-Sep-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Press release

Peach Property Group acquires further property portfolio in North
Rhine-Westphalia

- Acquisition of a pure residential portfolio with 266 units in Bochum and Hamm

- Target rent of around CHF 1.1 million (EUR 0.95 million) with a vacancy rate
of around 5%

- Existing residential portfolios in the area to deliver management synergies

- Total residential portfolio increases to around 4,600 apartments, target rent
to around CHF 24.1 million


Zurich, 13thSeptember 2017 - Peach Property Group, an investor focused on
investments in residential property in Germany, today announced the acquisition
of further 266 residential units in North Rhine-Westphalia, specifically 201
apartments in Bochum and 65 in Hamm. With a population of 365,000 and 180,000,
respectively, Bochum and Hamm are among the 15 largest cities in North
Rhine-Westphalia. Both form part of the Düsseldorf-Dortmund-Essen metropolitan
area. The properties were sold by a large, regional property company, and both
parties have agreed not to disclose the purchase price. The closing of the
transaction is expected to take place in late November.

Comprising a living area of around 14,300 square meters, the newly acquired
properties are situated close to the existing Peach Property Group portfolios in
Oberhausen, Duisburg and Mühlheim. This creates synergies in managing the entire
portfolio. Peach Property Group also plans to expand tenant support as part of
its active asset management approach and to further enhance the already good
overall state of the properties acquired through moderate modernizations. Peach
Property Group also aims to reduce the current vacancy rate of 4.8 percent. The
acquisition is expected to increase the annual target rent for the Group's
entire portfolio from around CHF 23.0 million to just under CHF 24.1 million.
The total property portfolio of Peach Property Group increases to around 4,600
apartments as a result of the acquisition.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "The new
portfolio is a perfect match for our existing property holdings in the region.
We therefore expect to soon see both positive effects in managing the apartments
and a decrease in the vacancy rate."

Contacts:

Media, investors and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer und 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 is a 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). Its Board of Directors consists of Reto
Garzetti (President), Peter Bodmer and Dr. Christian De Prati.

For more information, seewww.peachproperty.com

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=RMOWTXXVLY
Document title: Press release
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End of ad hoc announcement------------------------------------------------------

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 (Basic
Board) in Frankfurt; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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609043  13-Sep-2017 CET/CEST
 



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