Peach Property Group AG

EQS-Adhoc: Peach Property Group AG with changes in the executive management team

EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): Change of
Peach Property Group AG with changes in the executive management team

01.04.2015 / 07:01
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.


Press release

Peach Property Group AG with changes in the executive management team

Zurich, 01 April 2015 - Peach Property Group AG, a leading investor in
residential and commercial real estate, today announced changes to its
executive management team. This comes after the recently reported
downsizing of its Board of Directors in a move to further adjust its
management team to the Company's new positioning in the market. This move
will also entail a further reduction in Peach Property Group AG's cost
base.  The new personnel structure reflects the Company's focus on its
value-enhancing investment property portfolio, while major, complex
development projects are being completed.

Going forward, the management team will comprise only four members instead
of six. Renzo Fagetti (Managing Director Switzerland) and Mirco Riondato
(Chief Investment Officer) will leave the Company no later than mid-2015.
Renzo Fagetti will continue to be available to the Company as external real
estate developer.

Dr. Thomas Wolfensberger (CEO), Dr. Marcel Kucher (CFO), Bernd Hasse
(Managing Director Germany) and Dr. Andreas Steinbauer (Head of Sales and
Marketing) will remain on the management team. The operating property
business in Switzerland will be headed directly by Chief Executive Officer
Dr. Thomas Wolfensberger. Dr. Marcel Kucher will also serve as Chief
Operating Officer (COO) in addition to his role as Chief Financial Officer.

The Board of Directors of Peach Property Group AG would like to thank both
Renzo Fagetti and Mirco Riondato for their commitment in the past years as
well as their valuable and responsible work especially in connection with
the Company's complex development projects.

Peach Property Group AG is also announcing changes to its second management
level. In this context, the Technical Director in Germany and the Chief
Financial Officer for Germany will leave the Company by mutual agreement
and on completely amicable terms in the third quarter of 2015 after the
expiry of their contracts. Given Peach Property Group AG's focus on
investment properties, neither position will be filled again. As announced
previously, the Company will instead create the new position of Chief
Operating Officer / Head of Asset Management Germany.

Thomas Wolfensberger, CEO of Peach Property Group AG, comments:
"After completing our major development programmes, we have now made
fundamental changes to the Peach Group, thereby reducing operating costs
significantly while strengthening the Company's asset management expertise.
The combination of lower operating costs and higher recurring income
generated, for instance, by the recently announced increase in our number
of rental units to over 1,500, is intended to support the Company's
sustainable development and successful growth. I would like to thank all
leaving colleagues for their engaged work over the past years and wish them
only the best for their future. "

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

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

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

End of ad hoc announcement

Additional features:

Document title: Press release


01.04.2015 News transmitted by EQS Schweiz AG. - news

The issuer is responsible for the contents of the release.


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

End of News    EQS Group News-Service
340453 01.04.2015

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