Peach Property Group AG

EQS-Adhoc: Peach Property Group acquires portfolio in Kaiserslautern - residential portfolio increases by 40% to 3,150 units, annual target rent reaches CHF 16.2 million

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Real Estate
Peach Property Group acquires portfolio in Kaiserslautern - residential
portfolio increases by 40% to 3,150 units, annual target rent reaches CHF 16.2

22.08.2016 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.

Press release

Peach Property Group acquires portfolio in Kaiserslautern - residential
portfolio increases by 40% to 3,150 units, annual target rent reaches CHF 16.2

-Purchase agreement for the acquisition of 901 apartments and 10 commercial
units notarised in Kaiserslautern

-Lettable space of the investment portfolio increases to almost 250,000 square

-Annual target rental income increases by CHF 4.4 million (up 37%) to CHF 16.2

-High occupancy rate of over 95%

-Closing of the transaction expected in Q4 2016

Zurich, 22 August 2016 - Peach Property Group, an investor specialising in
portfolio management in Germany with a focus on residential property, today
announced that it is significantly expanding its portfolio by acquiring an
additional real estate portfolio in Germany. The agreement to purchase 901
apartments, 10 commercial units and 589 parking spaces in Kaiserslautern with
lettable space totalling around 63,400 square metres was notarised on Friday 19
August 2016. The deal increases the total lettable space in Peach Property
Group's investment portfolio by 34 percent to almost 250,000 square metres and
increases the number of apartments by around 40 percent to approximately 3,150
units. The properties were sold by a large German property company; both parties
agreed not to disclose the purchase price.

The transaction is subject to suspensive conditions, most of which are outside
the Peach Property Group's sphere of influence. The closing of the transaction
is expected to take place in the fourth quarter of 2016.

The deal marks the successful continuation of Peach Property Group's strategy of
strengthening its real estate investment portfolio in the German residential
property sector while at the same time increasing current revenue. The new
residential portfolio has annual target rent of around CHF 4.4 million (EUR 4.1
million) and generates an actual annual net rent of around CHF 4.1 million (EUR
3.8 million). The acquisition will raise the Group's annual target rent by more
than a third to a new high of more than CHF 16.2 million. The new portfolio is
spread across a total of 12 sites in Kaiserslautern and is in good structural
condition. The overall vacancy rate is less than 5 percent.

Dr. Thomas Wolfensberger, CEO of Peach Property Group AG, said: "These
properties in Kaiserslautern, most of which were built in the 1970s and 1980s
are in good technical condition with high letting levels and represent an
attractive addition to our portfolio. This acquisition enables us to increase
our annual target rental income by more than 37 percent to over CHF 16 million.
Approximately 85 percent of our rental income now comes from residential
property. With this addition, we leverage existing market opportunities in
Germany's B-cities and continue to expand our portfolio in line with our


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

22.08.2016 News transmitted by Tensid EQS AG.


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
494509  22.08.2016 

Weitere Meldungen: Peach Property Group AG

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