Peach Property Group celebrates laying of the corner-stone for “Living 108” in Chausseestrasse in Berlin-Mitte
Media release
- 128 luxury apartments, generously proportioned penthouses and city suites close to the new BND headquarters, due for completion by early 2015
- More than 65 % of the residential units have been sold or reserved
- The revenue volume will exceed EUR 35 million
- New “Living” projects announced in Berlin
Berlin/Zurich, 26 November 2013 – Peach Property Group AG, a leading developer of luxury residential properties in German-speaking countries in Europe has today laid the foundation stone for its fourth Berlin projects in the direct vicinity of the new headquarters of the German Federal Intelligence Service (BND). The successful completion of “Living 106” will now be followed by the neighbouring “Living 108”. The traditional cornerstone laying ceremony was attended by all those involved in the construction work together with numerous guests. Words of welcome were given by the architect Annette Axthelm, by Udo Sauter, Branch manager of the general cont-ractor Porr AG, and by Bernd Hasse, CEO of Peach Property Group (Deutschland) AG.
“With buyers for more than 65 % of the units so far – over 45% registered and a further 20% reserved – and the envisaged completion in early 2015, we see the project proceeding fully according to plan”, explained Bernd Hasse to the audience. “And after the great success of our Living concept, we are currently examining the suitability of two attractive locations in Berlin for further Living projects.” Situated on the plot at Chausseestrasse 108/109 in Berlin-Mitte, “Living 108” consists of an ensemble of 128 luxury apartments with a total of 7,188 m² floor-space and three commercial units with a further 291 m² of floor-space. The design was the work of the Potsdam-based Axthelm Architects. KAIRONOS Invest AG is participating on the equity side. For Living 108, Peach Property Group is expecting to achieve a revenue volume of more than EUR 35 million.
The apartments with two to four rooms, offering between 38 m2 and 121 m2 of floor space, have prices ranging from EUR 197,500 to EUR 703,000. The condominium apartments, penthouses with roof terraces, and the “Living Suites” in Living 108 have been designed to meet a range of varying requirements. The “Living Suites” are apartments for letting with furnishings and additional services – a concept which has proved very attractive with private investors.
The residents will have their own community space with fitness area, a shared roof terrace offering a panorama view of Berlin, and an underground car park for 54 vehicles.
Sales ratio of more than 65% already achieved
“We are experiencing lively interest in our project here on the rapidly developing Chausseestrasse,” comments Dr Andreas Steinbauer, Head of Sales and Marketing at Peach Property Group AG, with regards to the good sales ratio of more than 65% since the start of the project: “Obviously we have hit on a range of living styles in Living 108 which are exactly right for both owner-occupiers and for private investors.”
Further information
www.livingsuites.de
Images
https://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Fassade.jpg
https://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Penthouse.jpg
https://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Fitnessraum.jpg
Contacts
Media, Investors and Analysts
Dr Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 5000 | investors@peachproperty.com
Media Germany:
Koopmann.kommunikation | Hans Peter Koopmann
+49 171 4577 889 | post@koopmannkommunikation.de
About Peach Property Group
Peach Property Group AG is one of the leading developers in the luxury residential property sector in German-speaking countries. Its activities cover the entire value-creation chain for the creation of luxury properties from the site evaluation through project planning to the realisation and marketing. Peach Property Group concentrates on urban and holiday residences at select locations with fittings of the highest standards for clients with discernment. The company has adopted an integrated strategy which combines the development of luxury residential properties with the ownership of existing real estate in order to stabilise annual operating revenues.
Peach Property Group AG has its headquarters in Zurich and a branch in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366).
For further information visit www.peachproperty.com
About KAIRONOS Invest AG
KAIRONOS Invest AG makes equity available for real estate project developments, contributes its expertise in project structuring, and participates in the management of the resultant equity partnerships. The Equity Partnership Model is adapted to suit the specific requirements of each project. The company was founded in 2008 and after more than two years of joint ventures with a subsidiary of Deutsche Bank AG had already firmly established its market position. The successful cooperation with the Deutsche Bank Group resulted in 2011 in a cooperation agreement with the Sal. Oppenheim private bank. www.kaironos-ag.de