Peach Property Group AG

EQS-Adhoc: Peach Property Group acquires 116 apartments in Northern Hesse to expand its portfolio to over 2,000 apartments

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Real Estate
Peach Property Group acquires 116 apartments in Northern Hesse to expand its
portfolio to over 2,000 apartments

22.03.2016 / 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 acquires 116 apartments in Northern Hesse to expand its
portfolio to over 2,000 apartments

-Agreement for further portfolio acquisition notarised

-Annual rental income of around CHF 0.6 million; almost fully let

-Lettable space of more than 8.300 square metres

-Closing of the transaction expected in April 2016

Zurich, 22 March 2016 - Peach Property Group, an investor focused on residential
property in Germany, today announced the notarisation of the agreement to
acquire 116 apartments south of Kassel, thereby successfully expanding its
existing residential portfolio in Northern Hesse. This transaction raises the
number of apartments owned by Peach Property Group to a total of 2,034 units,
with the lettable floor area increasing by 8.300 square metres to a total of
137.000 square metres. The closing of the transaction is expected to take place
in April 2016.

The newly acquired apartments generate annual rental income of around CHF 0.6
million and are almost completely let. Due to the buildings' excellent
structural condition, there is no short or medium term need for refurbishment.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "With this
transaction, we are successfully continuing our strategy of enhanced and
value-added portfolio management with a focus on residential properties in
Germany. By expanding our investment portfolio in North Hesse, we also increase
our efficiency in managing the portfolios."


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

22.03.2016 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
447503  22.03.2016 

Weitere Meldungen: Peach Property Group AG

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