Peach Property Group AG

EQS-Adhoc: Peach Property Group expands portfolio by 397 apartments to just over 1,900 apartments

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Real Estate
Peach Property Group expands portfolio by 397 apartments to just over 1,900

08.03.2016 / 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 expands portfolio by 397 apartments to just over 1,900

-Purchase agreement for a real estate company in North Rhine-Westphalia

-Number of apartments in the portfolio increases to over 1,900

-Annual rental income to rise by around CHF 2.6 million

-Closing of the transaction expected by April 2016

Zurich, 8 March 2016 - Peach Property Group, an investor in residential real
estate, today announced a further expansion of its investment portfolio. The
respective purchase agreement for the acquisition of a real estate company was
notarised yesterday. Peach Property Group thus acquires a portfolio of around 30
buildings with 397 residential and 36 commercial units in Düsseldorf and the
surrounding area. The parties agreed not to disclose the purchase price. The
closing of the transaction is expected to take place no later than April 2016.

The acquisition will rise the number of apartments in Peach Property Group's
portfolio to over 1,900 units. The lettable residential floor area increases by
roughly 24.000 square metres to a total of close to 130.000 square metres. After
the recent sales, rent from residential properties now accounts for more than 80
percent of Peach Property Group's overall rental income. The acquisition
increases annual rental income by around CHF 2.6 million (EUR 2.4 million).
Overall, the annual target rent thus remains at more than CHF 10 million despite
the recently announced sales of the Gretag site and the Erkrath Retail property.

Peach Property Group intends to increase the current occupancy rate of 86
percent in the short term through active asset management and specific
investments in the properties. The properties require only minor modernisation
work because the buildings are in good structural condition.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "The
acquisition has enabled us to further expand our residential portfolio in
Germany by adding properties that provide an attractive yield. We also see
interesting value enhancing opportunities through active asset management. We
firmly believe in the locations of the new portfolio. Additionally the
acquisition will further rise our profile as a holder of residential property
with a focus on Germany."


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

08.03.2016 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
443161  08.03.2016 

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