Peach Property Group increases profit after tax to CHF 3.6 Mio an...

Profit after tax up 6 percent to CHF 3.6 million; profit before tax of CHF 7.7 million (plus 65 percent) Equity ratio (IFRS) increases to 45 percent; 48 percent based on market values Rental income up 5 percent to CHF 4.4 million Successful transformation of portfolio towards residential properties in Germany Positive business performance expected […]

Peach Property Group acquires portfolio in Kaiserslautern – res...

  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 metres Annual target rental income increases by CHF 4.4 million (up 37%) to CHF 16.2 million High occupancy rate of over 95% Closing of the transaction expected in […]

Peach Property Group and NOVUM Hotel Group conclude 20-year lease...

Hotel with 210 rooms planned in historic building Lease agreement concluded with NOVUM Hotel Group for a 4-star hotel as “NOVUM Select” Tenders for conversion work are underway Completion planned for the end of 2018    Zurich, 12 July 2016 – Peach Property Group, an investor specialising in portfolio management in Germany with a focus […]

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 […]

Peach Property Group reports progress at its Wollerau project nea...

More than 45 percent of “Wollerau Park” project notarised or reserved, clearly exceeding pre-sales rate Construction has started; dismantling already at an advanced stage By the beginning of 2018, 46 high-quality apartments and 10 commercial units with a sales volume of CHF 87 million will be built Cash return of CHF 30 million expected upon […]

Peach Property Group AG: Annual General Meeting approves all prop...

  Zurich, 21 April 2016 – The shareholders of Peach Property Group AG, an investor specialising in the management of residential property in German, approved all proposals submitted by the Board of Directors with clear majorities at the today’s Annual General Meeting. Overall, 48 percent of the company’s voting capital was represented at the meeting. […]

Peach Property Group tops up hybrid bond

  Private placement of CHF 12.5 Mio. with international investors Issue volume increases to a total of CHF 37.5 million Proceeds to be used for expanding the investment portfolio   Zurich, 7. April 2016 – Peach Property Group, an investor specialising in the management of residential property in Germany, today announced that is has topped […]

Peach Property Group acquires further residential properties in L...

  Acquisition of 287 apartments and 3 commercial units Living space of 19,700 square metres Gross initial yield over 10 percent Attractive upside potential due to 50% vacancy rate to be realised through sustainable revitalisation measures Joint management with existing portfolio provides efficiency gains   Zurich, 4 April 2016 – Peach Property Group, an investor […]

Peach Property Group acquires 116 apartments in Northern Hesse to...

  Agreement for further portfolio acquisition notarised Annual rental income of around CHF 0.6 million; almost fully let Lettable space of more than 8.300 square metres Closing of the transaction expected in April 2016   Zurich, 22 March 2016 – Peach Property Group, an investor focused on residential property in Germany, today announced the notarisation […]

Final figures show significant improvement in Peach Property Grou...

  Profit before tax at CHF 3.3 million and after tax at CHF 1.2 million substantially improved compared to previous year Rental income increased by 12 percent to CHF 8.6 million (+20 percent in local currency) Market value of investment properties gains by around 20 percent to CHF 218.7 million Equity ratio rises to 33 percent Reduction of […]

Peach Property Group expands portfolio by 397 apartments to just...

  Purchase agreement for a real estate company in North Rhine-Westphalia notarised Number of apartments in the portfolio increases to over 1,900 Annual rental income to rise by around CHF 2.6 million Closing of the transaction expected by April 2016    Zurich, 8 March 2016 – Peach Property Group, an investor in residential real estate, […]

Peach Property Group sells Gretag property in Regensdorf near Zur...

Purchase agreement with Turidomus Anlagestiftung notarised Transaction expected to be completed by the end of March 2016 Net-Cash inflow of nearly CHF 70 million or CHF 14 per share Solid balance sheet – further strengthening of equity ratio   Zurich, 4 March 2016 – Peach Property Group AG, a leading investor in real estate, today […]

Peach Property Group focuses portfolio on residential properties...

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 position Proceeds will be used for the further expansion of the residential portfolio in Germany   Zurich, 17 February 2016 – Peach Property Group, an investor […]

Preliminary figures show marked improvement in Peach Property Gro...

EBT of around CHF 1 million expected Rental income up 12 percent to CHF 8.6 million (+20 percent excluding exchange rate effects) Share of investment properties in overall portfolio rises to over 70 percent Equity ratio increases sharply to over 30 percent Positive outlook for 2016  Zurich, 1 February 2016 – Preliminary, unaudited figures show […]