Peach Property Group AG

EQS-Adhoc: Peach Property Group repays EUR 50 million bond

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Bond
Peach Property Group repays EUR 50 million bond

01.07.2016 / 18:00
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 repays EUR 50 million bond

Zurich, 1 July 2016 - Peach Property Group, an investor specialising in the
management of residential property in Germany, yesterday repaid the corporate
bond of its German subsidiary Peach Property Group (Deutschland) AG (ISIN
DE000A1KQ8K4) with a nominal amount of EUR 50 million on schedule. The final
amount outstanding of EUR 46.7 million was repaid from the cash flow from
operating activities. This resulted from Peach Property Group's successful asset
management over the past few years, in particular from the sale of the Gretag
site in Regensdorf by Zurich and the commercial property "Erkrath Retail" by
Düsseldorf. It was thus possible to repay the bond without having to take out
new borrowing. The balance sheet ratios have improved as a result, as the
Group's liabilities have fallen substantially with a simultaneous reduction in
total assets. In addition, financing costs have fallen significantly. Details
will be announced in the 2016 six-month financial statements, which will be
published on 24 August 2016.

The 6.6% bond was issued in July 2011 and was listed in the Entry Standard on
Frankfurt Stock Exchange.  Shares of Peach Property Group (PEAN, ISIN
CH0118530366) and the hybrid bond (PEA15, ISIN CH0305711647) are listed on the
SIX Swiss Exchange.

Dr. Marcel Kucher, Chief Financial Officer with Peach Property Group, commented:
"The repayment of the EUR bond from our operating cash flow is a milestone in
our company's growth. This means that our equity ratio has increased again
significantly and we are now in an ideal position to enjoy further profitable
growth on this basis."


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 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,

End of ad hoc announcement
Additional features:

Document title: Press Release

01.07.2016 News transmitted by Tensid EQS AG.

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
477013  01.07.2016 

Weitere Meldungen: Peach Property Group AG

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