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• Important project from an architectural and urban development perspective progressing to plan in Hamburg
• 57 exclusive apartments on the banks of the Outer Alster 
• First construction tranche almost sold out; around 60% of second tranche notarised or reserved
• Completion in late summer 2013; conclusion of sales also envisaged in 2013
• Volume of sales expected to be in the region of CHF 103 million (EUR 85 million) with a capital return of around CHF 41 million (EUR 33 million)

Zurich/Hamburg, 26 February 2013 – Peach Property Group AG, a leading developer of high-quality residential property in the German-speaking region of Europe, today is celebrating the topping-out ceremony for the second stage of its „H36“ residential development project at Harvestehuder Weg 36 in Hamburg. Work is progressing as planned. Attending the ceremony are Hamburg’s Chief Planning Officer, Prof. Jörn Walter; Bernd Hasse, Managing Director of Peach Property Group (Deutschland) AG; and Jürgen Göttsch representing the development’s architects, czerner göttsch architekten GmbH.

„The fact that residential construction work is again taking place in the loveliest parts of the city is good for Hamburg and an indication of the attraction it provides,“ observes the city’s Chief Planning Officer, Prof. Jörn Walter. „The design by czerner göttsch architekten, realised by Peach Property Group on Harvestehuder Weg, is another prime example of quality architecture in a prominent site.“

Development expected to sell out in 2013

The “H36” development comprises two parts at Harvestehuder Weg 36 and at Alsterkamp 43. The first stage of construction at Alsterkamp 43 has been completed and 12 of the 13 apartments have been sold. Peach Property Group reports that sales of the 44 apartments on Harvestehuder Weg, for which the cornerstone was laid just last May, are on track. The company is expecting the ”H36” project to net a sales volume in the region of CHF 103 million (EUR 85 million), with a capital return of around CHF 41 million (EUR 33 million).

Exclusive residences on the banks of the Outer Alster

Emerging at Hamburg’s best address are five villas housing a total of 57 exclusive private apartments: architecturally, “H36” is an elegant interpretation of the classic white Alster villa. The location nestles in a unique park landscape and is a source of fascination thanks to its incomparable setting on the banks of the Outer Alster in a traditional Hamburg villa environment.

The apartments, several of which are penthouses, range in size from 65 to 320 m² and feature between three and six rooms. Sales prices start out at around EUR 7400 per m².

Alongside attractive living rooms boasting ceilings ranging from three to four metres in height, high-quality interior fittings, and generously proportioned glazing offering views of the Alster or of the unique park landscape, the new occupants benefit from amenities such as a private gym and spa facility approximately 235 m² in size, plus 121 parking spaces in the underground garage.

„We are delighted at the response our ‘H36’ project in Hamburg has been receiving,“ comments Bernd Hasse, CEO of Peach Property Group (Deutschland) AG. „By acquiring properties that meet the highest standards of quality and character, the new owners are sure to see the value of their investment maintained over the long term with excellent returns.“

In addition to “H36”, Peach Property Group is currently working on a number of developments in Berlin (“yoo berlin”, “Living 108”), as well as in Wädenswil near Zurich (“Peninsula Beach House”). The topping-out ceremony for “yoo berlin” was held in November 2012. The group’s biggest development at this moment in time is the 30,000 m² “Peninsula” on the shores of Lake Zurich in Switzerland. Civil engineering work for the project’s “Peninsula Beach House” has been completed recently.

For more information on the project:

www.harvestehuderweg36.de

Photos:

https://www.peachproperty.com/wp-content/uploads/2013/02/H36-Fassade-3-40-cm.jpg
https://www.peachproperty.com/wp-content/uploads/2013/02/H36_Aussenansicht.jpg.jpg
https://www.peachproperty.com/wp-content/uploads/2013/02/H36_Innenansicht.jpg.jpg

Contacts:

Harvestehuder Weg 36
Koopmann.kommunikation | Hans Peter Koopmann
+49 (0)171 45 77 889 | post@koopmannkommunikation.de

Peach Property Group AG
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00 | investors@peachproperty.com

About Peach Property Group

Peach Property Group AG is a leading developer in the field of top-quality residential property in the German-speaking region of Europe. Its activities cover the entire prime property development value chain, from site evaluation to project planning, implementation and marketing. Peach Property Group focuses on city and holiday residences in exceptional locations and featuring the highest-quality fittings for a discerning clientele. The company’s integrated corporate strategy encompasses not only the development of high-quality residential properties, but also the management of investment properties for the purpose of generating consistent annual operating income. 

Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for more information.

Download press release as PDF

• Construction progress right on schedule
• Milestone reached: Implenia AG completes subterranean work
• 13 of 23 condominiums already sold
• Capital reflows of CHF 10 to 12 million within two years

Zurich, 14 February 2013 – Peach Property Group AG, a leading developer of high-quality residential real estate in the German-speaking region of Europe, has successfully completed subterranean work on the “Peninsula Beach House“ in Wädenswil outside of Zurich and commenced superstructure work according to plan. Completion of this exclusive project, with its luxurious condominiums directly on the shores of Lake Zurich, is scheduled for mid-2014. 13 of the 23 residential units have already been sold. Peach Property Group anticipates that this project will generate cashflows of CHF 10 to 12 million by the end of 2014.

Handover for the start of superstructure work

The highly demanding subterranean work for the “Peninsula Beach House” was performed by the specialised Implenia AG, and the company mastered the expected challenges to perfection: 30,000 m³ of excavated material had to be transported away; 223 displacement piles were bored into the ground to ultimately support the superstructure; for prevention groundwater intrusion into the construction pit, the substrate was sealed by means of a vibro-compaction process; and three tie positions for the 231 tension anchors were embedded into the ground to support the ten-metre-high excavation walls. The creation of a blinding layer out of lean concrete that covers the entire base area of the “Peninsula Beach House” represented the final part of the subterranean work. Alfred Müller AG from Zug (Switzerland) has now seamlessly commenced work on the superstructure.

The “Peninsula Beach House” is one of the most exclusive residential construction projects on the Lake of Zurich and offers a quality of life that is rarely to be found. Its future residents will enjoy direct access to the Lake and a breath-taking panoramic view. The saleable floor space amounts to 4,745 m². The condominiums, with a sales price starting at CHF 2.5 million, are harmoniously nestled in an idyllic park designed by landscape architect Enzo Enea. The “Peninsula Beach House” also encompasses a private fitness and wellness area with spa, squash, exercise and indoor golf facilities, an aerobics room, as well as a 20-metre indoor pool and relaxation bath.

Further projects planned

Dr. Thomas Wolfensberger, CEO of Peach Property Group AG, commented: “We are very pleased about this successful conclusion of subterranean work. It represents an important milestone in the evolution of the ‘Peninsula Beach House’. The work has progressed smoothly and rapidly, so we are right on schedule in realising this unique project.”

The “Peninsula Beach House” is the first of a total of six projects that Peach Property Group is planning for the grounds of the historically significant Giessen industrial park in Wädenswil. The company is also pursuing development projects in Hamburg (“Harvestehuder Weg 36”, H36) and Berlin (“yoo berlin”, “Living 108”). The topping-out ceremony for “yoo berlin” was held this past November, and the topping-out ceremony for the second building phase for H36 will take place on 26 February. The “Schooren des Alpes” project, with its twelve high-quality condominiums in Kappl bei Ischgl (Austria) was completed just recently.

Further information on the “Peninsula Beach House” and the overall Peninsula project can be accessed at:

www.beach-house.ch
www.waedenswil-peninsula.ch

Webcam:

www.beach-house.ch/webcam

Pictures „Peninsula Beach House“:

• https://www.peachproperty.com/wp-content/uploads/2012/04/PBH-Aussen-Presse.jpg
• https://www.peachproperty.com/wp-content/uploads/2012/04/PBH-San-Simeon.jpg
• https://www.peachproperty.com/wp-content/uploads/2012/04/PBH-Wellness.jpg

Contacts for investors, analysts and media:

Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors@peachproperty.com

About Peach Property Group:

Peach Property Group AG is a leading developer in the field of top-quality residential property in the German-speaking region of Europe. Its activities cover the entire prime property development value chain, from site evaluation to project planning, implementation and marketing. Peach Property Group focuses on city and holiday residences in exceptional locations, with units that feature the highest-quality fittings for a discerning clientele. The company’s integrated corporate strategy encompasses not only the development of high-quality residential properties, but also the management of investment properties for the purpose of generating consistent annual operating income.

Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for further information.

Download press release

• Exclusive real estate project completed according to schedule
• Lifestyle condominiums in ski paradise meet the highest demands 
• 9 of 12 units already sold; an additional one reserved
• Cash flow of close to CHF 9.0 million anticipated

Zurich, 6 February 2013 – Peach Property Group AG, a leading developer of high-quality real estate in the German-speaking region of Europe, has maintained its positive business momentum by completing on schedule the construction of its “Schooren des Alpes” project in Kappl near Ischgl.

“Schooren des Alpes” is an exclusive real estate development with twelve condominiums in Austria’s Paznauntal, a top Tyrolean Alps destination. Nine units have already been handed over, and a further one is reserved. Peach Property Group expects to generate a cash flow of close to CHF 9.0 million from sales of the condominiums.

“Schooren des Alpes” meets the highest demands in terms of lifestyle and atmosphere. The façade of “Pietra del Cardoso” natural stone is stunning for its tranquil splendour. The uniqueness of this architecture is also expressed in the interiors of the units, which feature the finest quality materials and a modern Alpine design. The condominiums, with 133 m² to 246 m² of floor space, have access to luxurious extras such as a wellness area with indoor and outdoor pool, sauna, Turkish bath and a relaxation lounge. Here, the advantages of a top-notch private apartment are combined with the comfort of a five star hotel and set new standards for winter sport real estate.

If not currently occupied by the owners, all of the condominiums can be rented to third parties. At www.schooren-ischgl.com, year-round sport enthusiasts have the opportunity to book the apartments for an exclusive Alpine holiday. The rental income goes to the owners of the condominiums, thereby enabling them to earn a return on their investment every year.

Condominium owners Christel and Joris Mathijsen commented: “The apartment looks great! It’s so beautiful! We’re very happy with it.” And buyers Asha and Paul Smith write: “Thank you so much for delivering an exceptional apartment.”

“We’re thrilled with the new occupants of ‘Schooren des Alpes’”, says Dr. Thomas Wolfensberger, CEO of Peach Property Group AG. “With their investment in this extraordinary property at a first-class location, they not only enjoy a residence in the absolute luxury segment; they also benefit from the positive trend in real estate prices at top ski destinations as well as from rental income during times when they are not using their holiday home.”

Peach Property Group is presently developing other real estate projects in Hamburg (“Harvestehuder Weg 36”, H36), Berlin (“yoo berlin”, “Living 108”) and Wädenswil outside of Zurich (“Peninsula Beach House”). The topping-out ceremony for “yoo berlin” was held this past November. The Group’s largest current project is the “Peninsula”, a 30.000 m² complex directly on the shores of Lake Zurich.

In late January, Peach Property Group voiced its positive outlook for the company’s 2012 financial results, and today will be providing more detailed information on the progress of its construction and development projects on the occasion of an Investors’ Day conference. The related presentation can be viewed at the Peach Property Group website:

http://investoren.peachproperty.com/websites/peachproperty/English/5400/presentations.html

Further project information on “Schooren des Alpes”: 

www.elevated-living.at

Photos of “Schooren des Alpes”: 

https://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Aussenansicht.jpg
https://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Wellness.jpg
https://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Studio-54.jpg
https://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Dracula.jpg

Contact partners

Investors, analysts, media:

Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors@peachproperty.com

About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality residential property in the German-speaking region of Europe. Its activities cover the entire prime property development value chain, from site evaluation to project planning, implementation and marketing. Peach Property Group focuses on city and holiday residences in exceptional locations, with units that feature the highest-quality fittings for a discerning clientele. The company’s integrated corporate strategy encompasses not only the development of high-quality residential properties, but also the management of investment properties for the purpose of generating consistent annual operating income. 

Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for further information.

Download Press Release PDF

• Operating income lifted considerably by around 150 per cent to just under
  CHF 49 million
• Market value of property portfolio boosted by around 35 per cent
• Rental income from investment properties increased to around CHF 4.3 million
• Sales volume expanded significantly
• Profit expected despite extraordinary items

Zurich, 31 January 2013 – Peach Property Group AG, a leading developer of top-quality residential properties in the German-speaking region of Europe, today announced preliminary figures for a successful 2012 financial year. The year was dominated by three factors: the development and expansion of the Group’s portfolio, a strong increase in sales volume and a stabilisation of earnings according to plan on the back of current rental income from investment properties.

Based on independent expert valuations, the market value of the Group’s property portfolio rose by more than 35 per cent to just under CHF 400 million in the reporting year. This increase was driven both by the successful evolution of existing projects and the acquisition of attractive new properties. Around 15 per cent of the portfolio is made up of investment properties that generate rental income in Switzerland and Germany; development properties in the top-end segment of the market account for around 85 per cent. For details, please see Asset Reporting published today (www.peachproperty.com).

According to preliminary figures, the operating income of Peach Property Group AG in the financial year just ended was approximately CHF 49 million – up just over 150 per cent on the previous year’s figure. As planned, this increase was due to the development of properties as well as rental income from investment properties and their appreciation in value. The distribution of income reflects the strategic combination of development and investment properties implemented in line with the Peach Property Group’s business model.

In the reporting year, the first construction phase of the “Harvestehuder Weg 36” (A43) project in Hamburg was completed, and 10 of the 13 apartments were handed over to their owners. The “Schooren des Alpes” project in Kappl near Ischgl was also completed on schedule; 9 of the 12 apartments were handed over to their owners. The Group also acquired two attractive new development projects – “Candy Factory” in Wollerau near Zurich and “Living 108” in Berlin – and further advanced its existing developments according to schedule. The sales volume increased from around
CHF 50 million in the previous year to a total of CHF 85 million, of which around CHF 75 million will not be reflected in earnings until 2013 and 2014.

Income from the lease of investment properties rose from CHF 0.7 million in 2011 to CHF 4.3 million because the portfolio in Munster generated rental income for the entire year for the first time and the Group acquired a second large portfolio of investment properties in Erkrath near Düsseldorf in early 2012. These acquisitions, the purchase of properties on Rheinische Strasse in Dortmund as well as the reduction in the vacancy rate and progress made in operating the investment portfolio in Munster also resulted in income from a net change in fair value.

During the 2012 financial year, Peach Property Group AG made significant advance investments for new projects in line with its growth strategy. Added to this were one-time extraordinary charges of around EUR 0.7 million (CHF 0.84 million) for the IPO of the Group’s German subsidiary, which was initially planned for last autumn but was then postponed. Operational efficiency gains enabled the Group to reduce significant cost items such as personnel expenses. Overall, Peach Property Group AG is expecting a profit for the 2012 financial year. This means that the positive trend witnessed in the first half of 2012 continued in the year’s second half – although the lion’s share of revenue from the large-scale projects in Berlin and Hamburg will only be reflected in the 2013 financial year.

Given that the “yoo berlin”/“Am Zirkus 1” and “Harvestehuder Weg 36” projects in Hamburg are progressing according to plan and taking into account the new projects in Germany and Switzerland, Peach Property Group AG is optimistic with regards to 2013.

Peach Property Group AG will publish its complete annual results including final figures on 4 April 2013 and present detailed information at a media and analysts’ conference.

Contacts

Investors, analysts, media:

Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors@peachproperty.com

Link for downloading the “Asset Reporting for the 4th quarter of 2012”

http://investoren.peachproperty.com/websites/peachproperty/English/5300/asset-reporting.html

About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality residential property in the German-speaking region of Europe. Its activities cover the entire prime property development value chain, from site evaluation to project planning, implementation and marketing. Peach Property Group focuses on city and holiday residences in exceptional locations and featuring highest-quality fittings for a discerning clientele. The company’s integrated corporate strategy encompasses not only the development of high-quality residential properties, but also the management of investment properties for the purpose of generating consistent annual operating income. 

Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for further information.

Download Press Release PDF

Zürich/Köln, 28. Januar 2013. Die Peach Property Group AG, ein führender Entwickler von hochwertigem Wohneigentum im deutschsprachigen Europa, hat von der Credit-reform Rating AG erneut ein Investment-Grade-Rating für die von der deutschen Tochtergesellschaft emittierte Anleihe erhalten. Mit der Note BBB- bestätigt Creditreform das ursprüngliche Rating der Anleihe.

Die Anleihe der Peach Property Group (Deutschland) AG (WKN A1KQ8K) hat einen Zinscoupon von 6,60 Prozent p.a. und eine Laufzeit bis zum 30. Juni 2016. Sie wird im Entry Standard der Deutschen Börse gehandelt. Die Peach Property Group sieht in der unveränderten Einschätzung durch die Creditreform eine Bestätigung ihrer Geschäftspolitik.

Kontakte

Investoren, Analysten, Medien:

Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors@peachproperty.com

Über die Peach Property Group

Die Peach Property Group AG ist einer der führenden Entwickler im Bereich von hochwertigem Wohneigentum im deutschsprachigen Europa. Die Aktivitäten umfassen die gesamte Wertschöpfungskette zur Erstellung hochwertiger Immobilien von der Standortevaluation über die Projektierung bis zur Realisierung und Vermarktung. Die Peach Property Group konzentriert sich auf Stadt- und Feriendomizile an aussergewöhnlichen Standorten und mit Top-Ausstattung für einen anspruchsvollen Kundenkreis. Die integrierte Unternehmensstrategie sieht neben der Entwicklung von hochwertigem Wohneigentum auch das Halten von Bestandsimmobilien zur Verstetigung der jährlichen Betriebseinnahmen vor. 

Die Peach Property Group AG hat ihren Hauptsitz in Zürich sowie eine Zweigniederlassung in Köln. Die aktuellen Projekte der Gruppe entsprechen einem anvisierten Gesamtvermarktungs-volumen von rund CHF 800 Mio. Die Peach Property Group AG ist an der SIX Swiss Exchange kotiert (PEAN, ISIN CH0118530366).

Weitere Informationen unter www.peachproperty.com

Download Press Release (German) PDF