Peach Property Group AG

EQS-Adhoc: Peach Property Group focuses portfolio on residential properties by selling a commercial property near Düsseldorf

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Real Estate
Peach Property Group focuses portfolio on residential properties by selling a
commercial property near Düsseldorf

17.02.2016 / 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 focuses portfolio on residential properties by selling a
commercial property near Düsseldorf

-Contract for the sale of "Erkrath Retail" notarised

-Transaction expected to be completed in Q1 2016

-Cash inflow of nearly CHF 9 million will strengthen Peach Property Group's cash

-Proceeds will be used for the further expansion of the residential portfolio in

Zurich, 17 February 2016 - Peach Property Group, an investor in residential real
estate, today announced the sale of its "Erkrath Retail" commercial property
near Düsseldorf to a private German investor at an attractive price. The
contract for the acquisition of all shares of Peach Property Group (Deutschland)
AG's subsidiary, Portfolio Erkrath Retail GmbH, which exclusively owns the
"Erkrath Retail" property, was notarised yesterday. The sale will generate
additional cash funds of approximately CHF 9 million for Peach Property Group
that will be used for further company growth. The transaction is expected to
close in the first quarter of 2016.

Following this transaction, Peach Property Group will further focus on the
residential property sector, in line with its strategy. The proceeds from the
sale will be reinvested in additional high-yielding residential properties,
predominantly in Germany.

Peach Property Group had acquired the commercial property located in the centre
of Erkrath-Hochdahl with lettable space of 6,700 m² in 2012. Through active
asset management and major leasing successes, the property's market value has
risen considerably since the acquisition. A particular impact had the lease
extension signed with EDEKA Rhein-Ruhr ahead of time for 16 year until the end
of 2031. Peach Property Group can now realise this appreciation in value by the
sale of this commercial property.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "By selling our
commercial property in Erkrath, we are continuing to make the residential sector
our strategic priority. Not only did we increase the property's market value
through successful asset management, but we now can realise this value, too.
Additionally, this transaction will provide us with additional funding for
further growth."


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

17.02.2016 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
437885  17.02.2016 

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