Peach Property Group AG

EQS-Adhoc: Peach Property Group sells Gretag property in Regensdorf near Zurich

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Real Estate
Peach Property Group sells Gretag property in Regensdorf near Zurich

04.03.2016 / 07:00
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 sells Gretag property in Regensdorf near Zurich

-Purchase agreement with Turidomus Anlagestiftung notarised

-Transaction expected to be completed by the end of March 2016

-Net-Cash inflow of nearly CHF 70 million or CHF 14 per share

-Solid balance sheet - further strengthening of equity ratio

Zurich, 4 March 2016 - Peach Property Group AG, a leading investor in real
estate, today announced the sale of its Gretag property in Regensdorf,
Switzerland, along with the planned construction project for 665 apartments to
Turidomus Anlagestiftung. The respective purchase agreement has been notarised
yesterday. The sale will generate payback of around CHF 70 million or more than
CHF 14 per share for Peach Property Group. This means that Peach Property Group
is selling the property at a significantly higher price than the purchase price.
This figure is also higher than the current carrying amount and rewards the
value-enhancing development of the property in recent years. Peach Property
Group expects the transaction to be completed by the end of March 2016.

The property now sold comprises of two plots spanning around 36,000 m². It is
located not far from Zurich, in direct proximity to Regensdorf train station.
The site currently covers several commercial properties and has a sizeable land
reserve for future construction. The Gretag property is a key component of the
"Bahnhof-Nord" development zone north of the train station, currently the
largest development area in the Canton of Zurich. After intensive planning work,
the community assembly in Regensdorf resolved on a partial revision of the
construction and zoning regulations and approved the private "Gretag property"
design plan at the beginning of December 2015. This was a milestone in the
development of the area.

The funds generated from the transaction will be used primarily to reduce
liabilities and thus further strengthen the Group's equity ratio. In addition,
the investment portfolio will be expanded further, primarily in Germany.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "In selling the
Gretag property, we are harvesting the fruits of its development, which we have
rigorously advanced in recent years. We are delighted to have found an
experienced, financially sound investor in Turidomus Anlagestiftung that will
implement the construction project in the same vein. The transaction will
generate substantial funds for us, which we will use to significantly reduce our
liabilities. This particularly includes refinancing our bond in Germany. Our
equity ratio is thus expected to further rise."


Media, investors and analysts

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

German media

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 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

End of ad hoc announcement

Additional features:

Document title: Press Release

04.03.2016 News transmitted by EQS Schweiz AG. - news archive:

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
442571  04.03.2016 

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