Mission statement
The Peach Property Group is a real estate investor with an investment focus on residential rental properties in Germany. The Group stands for many years of experience, competence and quality. Innovative solutions for state-of-the-art living needs, strong partnerships and a broad value chain round off the profile. The portfolio consists of high-yield portfolio properties, typically in B-cities in the catchment area of conurbations. Our operations are focused on providing affordable and modern living spaces with tenant satisfaction representing our top priority. We achieve this through an emphasis on service delivery, continuous dialogue and communication with tenants, and targeted measures aimed at constantly improving the living quality on offer, as well as the surroundings.
In addition, the Group develops real estate for its own portfolio or for condominium marketing. In the latter area, the Group concentrates on A locations and properties with attractive architecture and upscale furnishings for an international clientele. Its activities span the entire value chain from evaluating locations through to acquisitions and also active asset management and property sales or lettings.
Management
Take some time to get to know our board of directors and management better.
Board of Directors
Michael Zahn
Chairman of the Board- Michael Zahn has been Chairman of the Board of Directors of Peach Property Group since May 2024
- He has over 15 years of management experience in the real estate sector
- He is Managing Partner at Hystake Investment Partners, a platform that advises on corporate, investment and ESG strategies in the real estate sector
- Michael Zahn was Chairman of the Management Board of Deutsche Wohnen SE
- Since 2020, he has been the Deputy Chairman of the Supervisory Board of Branicks Group AG, since 2022 the Chairman of the Advisory Board of Weisenburger Bau + Verwaltungs GmbH, and since 2022 a member of the Board of Directors of Cofinimmo.
Beat Frischknecht
Member of the Board- Beat Frischknecht has been a member of Peach Property Group AG’s Board of Directors since May 2024
- He is chairman of the Board of Directors of Ahead Wealth Solutions AG (Liechtenstein)
- Already since 1992, the trained businessman has built up various group companies in the real estate and fund sector
- Amongst others, he served as CEO and chairman of the Board of Directors of the Swiss BFW-Group
Cyrill Schneuwly
Member of the Board- Cyrill Schneuwly has been a member of Peach Property Group AG’s Board of Directors since May 2024
- He was CEO of Intershop Holding AG from 2008 to 2023
- Cyrill Schneuwly is involved in the University of Zurich Foundation and in the Investment Committee of the Investment Foundation for Real Estate Investments Abroad (AFIAA)
- In previous years, the qualified businessman and CPA was, among others, member of the Investment Committee of the Corestate Capital Group
Urs Meister
Member of the Board- Urs Meister has been a member of the PeachProperty Group Board of Directors since September 27, 2024
- He serves as a member of the Board of Directors of CAT Holding AG
- Since 2023, he has been a member of the Board of Trustees of the Etzel Retirement Center, responsible for finance
- Urs Meister worked for Salomon Brothers, JP Morgan and was a founding partner of the RMF Group. He then spent many years as a portfolio manager with a core competence in fixed income at Swiss Life Asset Management and Suva, among others
- · He holds a degree in economics from the University of St. Gallen, is a Certified European Financial Analyst and, since 2022, has been a certified member of the ZfU Board of Directors.
Eric Assimakopoulos
Member of the Board- Eric Assimakopoulos has been a member of Peach Property Group AG’s Board of Directors since 27.09.2024
- He has over 30 years of experience in the real estate industry
- Founder of the Gnome Group, MetroNexus and Revetas Group, holding key roles such as Chairman, CEO and member of the Investment Committee at MetroNexus and Revetas Group
- He serves as board member at Keystone Holdings, Promotorio, and BTS and has previously held board positions at other companies.
- Eric is actively involved in philanthropic work through Revetas Charitable Adventures, supporting Veterans and underprivileged children through sports and adventure experiences
Management
Gerald Klinck
CEO- Gerald Klinck is the CEO of Peach Property Group AG
- He has more than 25 years of experience in the real estate industry, including:
- Membership of the Executive Board of Deutsche Wohnen Group
- Board member at Vonovia
- CFO and Co-CEO at TLG Immobilien
- CEO and CFO of Cureus GmbH
- In addition to his role as CEO at Peach Property Group, he also takes over the responsibilities of the CFO
Stefanie Koch
- Stefanie Koch is the COO of Peach Property Group
- She has more than 20 years of experience in asset and property management, portfolio strategy, process optimisation, and digitalisation:
- Principal at Ritterwald Unternehmensberatung GmbH
- Managing Director at Deutsche Wohnen Immobilien Management GmbH
- Stefanie Koch trained as a businesswoman in the real estate and housing industry and continued her education while working to become a „Immobilienwirtin (DIA)“ and “Gepr. Immobilienfachwirtin (IHK)“.
Management Team in Zurich
Management Team in Cologne
Susanne Hünermann
Head of Legal Germany- Susanne Hünermann is responsible for legal affairs for the Group’s companies in Germany.
- Se has more than 18 years of experience in real estate law, including:
- as an attorney with the firm of corporate attorney HeukingKühnLüerWojtek, Cologne.
- Corporate attorney for the group law department with Zurich Group Germany.
- Susanne Hünermann studied legal sciences at the University of Cologne and graduated as a specialist attorney for rental law and residential property ownership law.
Marc Sesterhenn
Managing Director of german Asset companies & Head of Asset & Property Management- Marc Sesterhenn is the managing director of the German asset companies and is responsible for asset and property management.
- He has more than 11 years of experience, including:
- Financial control and commercial project development with LEG/Goldmann Sachs (Whitehall Funds)
- Head of Key Account with Bilfinger Real Estate / Apleona
- Marc Sesterhenn studied Real Estate Asset Management (IREBS) in Kloster-Eberbach and graduated as a real estate economist (EBZ) in Bochum.
Christoph Kattenfeld
Head of Acquisitions- Christoph Kattenfeld is responsible for the Peach Group’s acquisition activities.
- He has more than 15 years of experience in corporate finance and real estate, including:
- Director of Investments / Head of Acquisitions with Round Hill Capital / Vitus Gruppe
- Deputy Head of M&A and Executive Director Portfolio Financing with Deutsche Annington
- Christoph Kattenfeld holds an MBA from Wharton School of Business and studied business administration at Vienna University.
Group Structure
Branches
The Peach Property Group has offices in Zurich, Cologne and Berlin.
Zurich
Our group headquarters are in Zurich. We currently employ 13 people here. In addition to our Group Management, our General Counsel, Group Accounting and Controlling, and Investor Relations are based in Zurich.
Cologne
The headquarters for Peach’s German business is in Cologne. In addition to our Strategic Portfolio Management, our Operational Asset Management is also located here, which works very closely with our local Peach Points. Corporate Accounting and Tax Management are also based in Cologne.
Berlin
Property accounting is performed in Berlin. In addition to the accounting of rental income, this includes preparing ancillary billings, as well as processing all invoices connected to property management. In addition, all service costs for our tenants are prepared and sent from Berlin.
Peach Points
The Peach Points are central contact points and popular meeting places for our tenants. Recently we have established Peach Points at 15 locations, meaning that some 80% of our tenants have direct access to their personal contact partner – it is often within walking distance.
With our Peach Points, we communicate with our tenants directly and eye-to-eye. Whether it’s in-person on site or over our Web-based tenants’ portal, the tenants’ app or WhatsApp: we deal with queries and repair requests quickly and easily.
Peach Point Oberhausen
Peach Hausverwaltungen GmbH
Marktstraße 157
46045 Oberhausen
Tel.: +49 208 780 141 0
Fax: +49 208 780 141 99
Zuständigkeiten: Duisburg, Gladbeck, Oberhausen
E-Mail-Kontakt: oberhausen@peach.immo
Zuständigkeiten: Neukirchen Vluyn
Servicebüro vor Ort:
Ulmenweg 4
47506 Neukirchen Vluyn
E-Mail-Kontakt: neukirchen@peach.immo
Peach Point Erkrath
Peach Hausverwaltungen GmbH
Hochdahler Markt 3
40699 Erkrath
Tel.: +49 2104 800 26 0
Fax: +49 2104 800 26 99
Zuständigkeiten: Düsseldorf, Erkrath, Haan, Hilden, Langenfeld, Solingen, Willich, Wuppertal
E-Mail-Kontakt: rheinland@peach.immo
Zuständigkeiten: Eschweiler, Schwelm, Aachen, Bergheim, Remscheid, Mönchengladbach
E-Mail-Kontakt: rheinland2@peach.immo
Zuständigkeiten: Velbert
E-Mail-Kontakt: velbert@peach.immo
Peach Point Essen
Peach Hausverwaltungen GmbH
Gladbecker Straße 381
45326 Essen
Tel.: +49 201 890 825 0
Fax: +49 201 890 825 99
Zuständigkeiten: Bochum, Bottrop, Essen, Mühlheim an der Ruhr
E-Mail-Kontakt: essen@peach.immo
Peach Point Nordhessen
Peach Hausverwaltungen GmbH
Thüringer Straße 2
37213 Witzenhausen
Tel.: +49 5542 307 97 0
Fax: +49 5542 307 97 99
Zuständigkeiten: Bad Hersfeld, Bad Langensalza, Bebra, Eisenach, Eschwege, Hessisch Lichtenau, Witzenhausen
E-Mail-Kontakt: nordhessen@peach.immo
Peach Point Dortmund
Peach Hausverwaltungen GmbH
Rheinische Straße 167
44147 Dortmund
Tel.: +49 231 999 931 0
Fax: +49 231 999 931 99
Zuständigkeiten: Dortmund, Castrop-Rauxel, Hagen, Herdecke, Schwerte, Wetter (Ruhr), Witten
E-Mail-Kontakt: dortmund@peach.immo
Peach Point Dortmund 2
Peach Hausverwaltungen GmbH
Altenderner Straße 49
44329 Dortmund
Tel.: +49 231 997 660 0
Fax: +49 231 997 660 99
Zuständigkeiten: Dortmund, Lanstrop, Scharnhorst
E-Mail-Kontakt: dortmund2@peach.immo
Zuständigkeiten: Ahlen, Beckum, Hamm
E-Mail-Kontakt: hamm@peach.immo
Peach Point Ludwigshafen
Peach Hausverwaltungen GmbH
Pranckstraße 3
67061 Ludwigshafen
Tel.: +49 621 637 459 0
Fax: +49 621 637 459 99
Zuständigkeiten: Ludwigshafen, Frankenthal, Ilvesheim, Schifferstadt
E-Mail-Kontakt: ludwigshafen@peach.immo
Peach Point Recklinghausen
Peach Hausverwaltungen GmbH
Königsbank 57
45663 Recklinghausen
Tel.: +49 2361 970 91 0
Fax: +49 2361 970 91 99
Zuständigkeiten: Datteln, Herten, Marl, Recklinghausen
E-Mail-Kontakt: recklinghausen@peach.immo
Zuständigkeiten: Herne
E-Mail-Kontakt: herne@peach.immo
Peach Point Marl
Peach Hausverwaltungen GmbH
Brassertstraße 80
45768 Marl
Tel.: +49 2365 872 75 0
Fax: +49 2365 872 75 99
Zuständigkeiten: Marl
E-Mail-Kontakt: marl@peach.immo
Peach Point Gelsenkirchen
Peach Hausverwaltungen GmbH
Ahrstraße 18
45879 Gelsenkirchen
Tel.: +49 209 513 053 0
Fax: +49 209 513 053 99
Zuständigkeiten: Gelsenkirchen
E-Mail-Kontakt: gelsenkirchen@peach.immo
Peach Point Minden
Peach Hausverwaltungen GmbH
Prenzlauer Weg 5
32429 Minden
Tel.: +49 571 7846 24 0
Fax: +49 571 7846 24 99
Zuständigkeiten: Minden, Rinteln, Herford, Löhne, Porta Westfalica, Lemgo, Detmold, Oerlinghausen, Bad Salzuflen, Bielefeld
E-Mail-Kontakt: owl@peach.immo
Peach Point Fassberg
Peach Hausverwaltungen GmbH
Lange Reihe 12
29328 Fassberg
Tel.: +49 5055 231 97 0
Fax: +49 5055 231 97 99
Zuständigkeiten: Fassberg, Delmenhorst, Ganderkesee
E-Mail-Kontakt:fassberg@peach.immo
Peach Point Munster
Peach Hausverwaltungen GmbH
Muncloh 13
29633 Munster
Tel.: +49 5055 231 97 0
Fax: +49 5055 231 97 99
Zuständigkeiten: Munster
E-Mail-Kontakt: munster@peach.immo
History
The Peach Property Group was founded in 2001. Since 2011 we have focussed on the purchasing of existing properties and the rental of modern and affordable apartments.
2024
Gerald Klinck became CEO
Annual General Meeting elected new Board of Directors: New chairman of the Board of Directors became Michael Zahn, former CEO of Deutsche Wohnen Gruppe.
Introduction of a new Portfolio Strategy which separates the portfolio into Strategic and Non-Strategic units in the second quarter
Extraordinary General Meeting approved capital increase and changes to the Board of Directors
Peach Property Group sold residential portfolio of around 5 200 units and strengthened the capital structure
Capital increase successfully completed. Trading of shares started on December 12, 2024. The improved financial profile created flexibility for the upcoming refinancing in 2025 and for investments in the existing portfolio, enabling further organic growth.
2023
Peach Property Group achieves the highest FFO I in the Group's history at EUR 22.8 million, significantly improving its operating profitability.
Digital business model pays off in the reporting year and ensures greater efficiency and synergy effects as well as reduced operating and personnel costs.
Further improvement in the Morningstar Sustainalytics ESG rating from 11.5 in the previous year to 10.3 in the 2023 financial year. This means that our risk rating is low (10 to 20), and we are among the top 9 percent of more than 1,000 companies assessed. Among other things, the service-oriented handling of our rents was particularly emphasized.
2022
Vacancy rate reduced from 8% in the previous year, to 6.9% in the reporting year.
Integration of the portfolio of the approximately 4 300 residential units acquired in the previous year into own management.
First-ever ESG risk rating by Morningstar Sustainalytics of 11.5 in the "low" risk category - placing Peach Property Group in the top 4% of all 15 000 plus companies assessed.
Advancing its sustainability strategy: more than 2 160 residential refurbishments carried out in 2022, of which around 810 were energy-related refurbishments.
Groundbreaking in Wädenswil on Lake Zurich in December 2022: 57 exclusive apartments are being built in sought-after location, of which almost 60% have been sold or reserved.
2021
Further expansion of the portfolio to over 27 400 units. Total market value of the existing portfolio increases significantly to over EUR 2.6 billion.
Regional focus of the 4 300 newly acquired apartments, mainly in the federal state of North Rhine-Westphalia.
Focus on energy efficiency and environment related refurbishment of existing properties as well as improvements in the surroundings, e.g. the opening of an outdoor physical activity pathway ("Trimm Dich Pfad") in Kaiserslautern.
2020
Portfolio increases to around 23 200 residential units with a market valueof over CHF 2 billion.
Expansion mainly in existing locations through the acquisition of around 10 800 apartments in North Rhine-Westphalia, Lower Saxony and Rhineland-Palatinate.
A further 5 new Peach Points were opened.
2019
Portfolio increases to around 13 000 residential units with a market value of over CHF 1.1 billion.
Acquisition of 3 672 apartments in the Ruhr area, Bielefeld and Kaiserslautern as well as a portfolio of 528 apartments in North Rhine-Westphalia.
Transfer of ownership of 421 apartments in Marl and Kaiserslautern.
Opening of three further Peach Points in Nordhessen, Ostwestfalen and Kaiserslautern.
2018
Acquisition of 2 899 apartments: including 1 247 units around Bielefeld, 1 061 units in Heidenheim, 273 units in Kaiserslautern and Saarbrücken and 213 units in Bochum Expansion of tenant communication: Opening of Peach Points in Heidenheim and Oberhausen, further development of tenant app, launch of tenant internet portal
2017
Acquisition of more than 2 400 apartments, among others in Oberhausen, Nordhessen and Bochum; sale of the property in Bad Reichenhall
2016
Acquisition of almost1 700 apartments: Rhineland, Eschwege, Fassberg and Kaiserslautern; sale of Erkrath Retail and Gretag-Areal
2015
Acquisition of almost 570 apartments in Neukirchen-Vluyn
2014
Acquisition of a portfolio in Nordhessen with336 apartments and a hotel in Bad Reichenhall
2013
Acquisition of Gretag-Areal near Zurich
2012
Acquisition of two portfolios in Düsseldorf-Erkrath with 142 apartments and of two buildings in Dortmund
2011
Acquisition of residential portfolio in Munster with 376 apartments
