Peach Property Group AG

DGAP-Adhoc: Peach Property Group AG strengthens organisational structure and executive management

Peach Property Group AG   / Key word(s): Change of Personnel

09.07.2013 07:03

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

Press release

Peach Property Group AG strengthens organisational structure and executive

Zurich, 9 July 2013 - Peach Property Group AG, a leading property investor
and developer of high-quality residential real estate in the
German-speaking region of Europe, today announced an enhancement of its
operations organisational structure.

In May 2013, Renzo Fagetti, a recognised industry expert, joined the
company's executive management as Managing Director Switzerland. Together
with Bernd Hasse in his capacity as Managing Director Germany, he will
ensure that acquisition, project development and project implementation in
the two core markets of Switzerland and Germany will be managed by two
recognised experts who possess excellent market knowledge and a broad
network of contacts. They will receive support from the shared services
provided by Peach Property Group's headquarters: sales, investment
management as well as finance, human resources and investor relations.

In connection with this optimisation of the company's organisational
structure, Dr. Andreas Steinbauer joins Peach Property Group's executive
management as Head of Sales and Marketing. He has managed the sales
operations of Peach Property Group in the past four years and now will also
be responsible for product marketing. In the future, the executive
management will comprise Dr. Thomas Wolfensberger (CEO), Dr. Marcel Kucher
(CFO), Mirco Riondato (CIO), Bernd Hasse (Managing Director Germany), Bruno
Birrer (COO), Renzo Fagetti (MD Switzerland), Bernd Hasse (MD Germany) and
Dr. Andreas Steinbauer (Head of Sales and Marketing). There will no longer
be an extended executive management.

Thomas Wolfensberger, CEO of Peach Property Group AG, states: 'I am pleased
to announce this optimisation of our organisation. With this move, we
combine local market expertise and customer proximity with the efficiency
and knowledge transfer enabled by the provision of shared services. This
puts us in an ideal position to support the future growth of our company.'

The new organisational structure will apply from 15 July 2013.

Photo Dr. Andreas Steinbauer:

Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 (0) 44 485 50 00 |

Media Germany:
edicto GmbH, Axel Mühlhaus
+49 (0) 69 90 55 05 52 |

About Peach Property Group
Peach Property Group AG one of the leading developers in the field of
top-quality residential property in the German-speaking region of Europe.
Its activities cover the entire prime property development value chain,
from site evaluation to project planning, implementation and marketing.
Peach Property Group focuses on city and holiday residences in exceptional
locations and featuring highest-quality fittings for a discerning
clientele. The company's integrated corporate strategy encompasses not only
the development of exclusive residential properties, but also the
management of investment properties for the purpose of generating
consistent annual revenues.

Peach Property Group AG is headquartered in Zurich and also has a branch
office in Cologne. The company's shares are listed on SIX Swiss Exchange
(PEAN, ISIN CH0118530366).

Visit for more information.

Additional features:

Document title: Organisational structure as PDF

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Language:               English
Company:                Peach Property Group AG
                        Seestrasse 346
                        8038 Zürich
Phone:                  +41 44 485 50 00
Fax:                    +41 44 485 50 11
ISIN:                   CH0118530366
Valor:                  A1C8PJ
Listed:                 Freiverkehr in Berlin, Stuttgart; Frankfurt in Open
                        Market ; SIX

End of Announcement                             EquityStory News-Service



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