Acquisition of 4,800 residential units in Germany; portfolio grows to CHF 2bn

> Increase in the portfolio to more than 23,000 units > Strengthening of existing locations through the acquisition of apartments in Lower Saxony, North Rhine-Westphalia and Rhineland-Palatinate with significant synergy potential > Rental income increases by 26 percent to CHF 110m target rent or CHF 97m actual rent, respectively > ...
Read more …

Higher rental income, reduced vacancies and a further margin improvement during the first half-year 2020

* Rise in rental income by 42 percent to CHF 27.4m; on a like-for-like basis a 5.4 percent increase resulted * Strong improvement of the operating margin through economies of scale after a successful integration of the 2019 acquisitions; increase in FFO I per share by 20 percent to CHF ...
Read more …

Acquisition of 5,450 apartments – value of investment portfolio reaches around CHF 1.5 billion

=> Purchase agreement for portfolio of 5,450 apartments in Germany signed; transaction expected to close at the end of 2020 => Strategic acquisition will yield substantial increase in NAV per share expected by end of 2020 and position the company for higher FFO generation and a sustainable future dividend => ...
Read more …

Annual General Meeting approves all proposals with a vast majority

The shareholders of Peach Property Group AG, an investor specialising in holding German investment properties focusing on residential real estate today accepted all of the agenda items at today's general meeting in Zurich with a clear majority. A total of around 40 percent of the share capital respectively 72 percent ...
Read more …

New record-breaking profit in 2019 – well equipped for the current market environment with attractive apartments

-> Earnings after taxes soar to CHF 91.0 million (previous year: CHF 45.3 million) -> Actual rental income up significantly to CHF 38.9 million (previous year: CHF 29.6 million); Vacancies fall by 26 percent to 9.3 percent (previous year: 12.5 percent) -> Net asset value (NAV) per share increases substantially ...
Read more …

Strong growth and record-breaking CHF 109 million earnings before taxes for 2019

* Peach Property Group nearly doubles 2019 earnings before taxes to around CHF 109 million * Market value of the real estate portfolio as of 31.12.2019 increases by more than 50 percent to CHF 1.1 billion * Actual rental income amount to around CHF 39 million - an increase of ...
Read more …

Sale of the former Hoesch headquarters in Dortmund to NOVUM Development

Peach Property Group, an investor specialising in the management of residential property has sold its property in Rheinische Strasse 173 in Dortmund to NOVUM Development, a company of DET Beteiligungsgesellschaft (DET Holding), specialising in project development. The building is the former headquarter of Hoesch-Union, centrally located adjacent to the "Smart ...
Read more …

Portfolio increases to around 13,000 apartments thanks to new acquisition in NRW

-> Purchase contract for residential portfolio with 528 units notarised; focus on Essen and Dortmund -> New portfolio with annual actual rental income of CHF 2.4 million and a vacancy rate of 9.7 percent -> Closing expected by the end of Q1 2020 -> Target rent for the group lifts ...
Read more …

EUR 250 million corporate bond fully placed

-> Placement with institutional investors in Europe and the USA -> Term of 3 1/4 years, coupon of 3.5 percent p.a. -> Bond receives Ba3 rating from Moody's as well as BB- from Standard & Poor's and Fitch -> Funds to finance the previously announced portfolio acquisition in Germany and ...
Read more …

2019 pre-tax profits expected to soar to more than CHF 100 million – Launch of a EUR 250 million corporate bond

-> Earnings before taxes in the fiscal year 2019 expected to increase to more than CHF 100 million, an increase of 75 percent year-on-year -> Peach Property Group's share capital has improved substantially with the conversion of CHF 27.8 million of the hybrid warrant bond (approx. 50% of the amount ...
Read more …

Anchor shareholder Kreissparkasse Biberach increases share from 7.7% to 10.9% by means of a capital increase

-> Capital increase by 164.000 new shares out of conditional capital -> Kreissparkasse Biberach subscribes a subordinated mandatory convertible at a conversion price of CHF 33.04; conversion date will be 14 April 2020 -> Share of Kreissparkasse Biberach will increase to 10.9% of registered shares based on the number of ...
Read more …

Conversion price of 3% convertible hybrid bond reduced to CHF 28.50 until 18 October

-> Investors of the convertible hybrid bond get the opportunity to convert at preferential conditions -> The conversion price of the 3% convertible hybrid bond has been reduced by CHF 1.00 from CHF 29.50 to CHF 28.50 from 2 to 18 October 2019 -> The early conversion enables the Company ...
Read more …

Acquisition of more than 3,650 apartments in Germany – value of investment portfolio increases to around CHF 1.1 billion

-> Peach Property's portfolio grows from just under 8,800 to almost 12,500 apartments as a result of the transaction -> Lettable living space increases by 221,000 to more than 785,000 square meters -> Newly acquired portfolio generates around CHF 14.4 million in actual rental income per annum; target rent of ...
Read more …

Real estate portfolio reaches record level of CHF 793 million – Rental income rises by 40% to CHF 19 million in H1 2019

> Significant increase in market value of real estate portfolio and rental income thanks to acquisitions and advances in investment properties in the first six months of 2019 > Expansion of the investment property portfolio to 8,775 residential units with annualised target rent of CHF 46.4 million > Investments in ...
Read more …

Annual General Meeting approves all proposals with a clear majority

The shareholders of Peach Property Group AG, an investor specialising in holding investment properties and focusing on residential real estate, today accepted all of the proposals made by the Supervisory Board at today's general meeting in Zurich with a clear majority. Around 39 percent of share capital was represented at ...
Read more …

2018 with best result in the Company’s history – net profit rises to CHF 45 million

=> Significant increase in rental income and real estate value, completion of the "Wollerau Park" project and efficiency gains ensure best result in the Company's history => Actual rents increase by 82% to CHF 30 million due to vacancy reduction and new acquisitions; annualized target rental income increases by 54% ...
Read more …

Record-breaking result in 2018 – earnings before taxes up to almost CHF 57 million according to preliminary figures

=> Residential portfolio up by more than 50 percent to some 8,400 units, acquisition of a further 421 apartments completed in January 2019 => Actual rental income increased by more than 80 percent to just under CHF 30 million => Annualized target rent up by 53 percent to CHF 44 ...
Read more …

Acquisition of 200 apartments in Kaiserslautern brings investment portfolio to around 8,800 units

=> Purchase agreement signed for a further 200 apartments in Kaiserslautern => Peach Property Group's residential portfolio in Kaiserslautern increases to a good 1,300 units => New apartments are in very good condition with 95.5 percent occupancy rate => Peach Property Group's annual target rental income up to around CHF ...
Read more …

Acquisitions in North Rhine-Westphalia boost portfolio to just over 8,600 units – target rent rises to CHF 45.5 m p.a.

=> Purchase agreement signed for residential portfolio comprising 221 apartments with 95.5% occupancy rate in the Rhine-Ruhr metropolitan region; transaction expected to be closed at the beginning of January 2019 => Total residential portfolio increases to approx. 8,600 units with lettable space of 560,000 m2 => Closing completed for all ...
Read more …

direct line to tenants in Heidenheim – "Peach Point" opened and tenant app launched

The residential real estate company Peach Property Group today opened a further flagship store for tenants right in the center of Heidenheim an der Brenz. At the same time, the company is now providing all tenants in Heidenheim with an innovative app to communicate directly with landlord, property management and ...
Read more …

Repayment of 2015 hybrid bond

Peach Property Group, an investor specialising in the management of residential property in Germany, is planning to repay its 2015 hybrid bond as early as possible (Swiss Securities Code: 30571164, ISIN; CH0305711647). Accordingly, the Company is terminating the bond in accordance with Section 4.2 of the bond terms and conditions ...
Read more …

Significant profit increase and portfolio growth in first half of 2018

> Operating profit (EBITDA) up 72% to CHF 37.1 million and earnings after taxes up 66% to CHF 26.5 million > Residential portfolio increased by 16% to 6,436 units > Transfer of ownership of a good 1,900 additional apartments already acquired lifts property portfolio to 8,400 apartments by the end ...
Read more …

First Peach Point opened as a flagship store for tenants in Oberhausen

The residential real estate company Peach Property Group today opened its first flagship store for tenants in Oberhausen with a celebration for its tenants. Located directly in the pedestrian precinct in the town centre, the new "Peach Point" with around 150 square meters at Marktstrasse 157 will not only be ...
Read more …

Acquisition of 382 apartments brings investment portfolio to around 8,400 units

> Acquisition of a residential real estate portfolio with five locations in North Rhine-Westphalia and Lower Saxony > Portfolio with rental residential space of almost 23,000 square meters, target rental income of around CHF 1.65 million and a rental level of 95 percent > Peach Property Group's annual target rental ...
Read more …

CHF 60 million of 1.75% hybrid warrant bond placed; medium-term target portfolio increased to 11,000 apartments

> Original target volume was increased from CHF 50 to CHF 60 million due to significant subscription volumes shortly after beginning of open placement > Proceeds to be used for further portfolio expansion and to repay liabilities > Portfolio expansion progresses faster than previously expected; medium term target portfolio increased ...
Read more …

Target volume of hybrid warrant bond issue increased due to high demand

> Strong investor interest and significant subscription volumes shortly after beginning of open placement > Peach Property therefore uses option to increase the target volume from CHF 50 million to up to CHF 100 million > Funds earmarked for further portfolio extension and redemption of liabilities The Board of Directors ...
Read more …

Issue of a hybrid warrant bond

> Issue volume of CHF 50m with a possibility to increase to a maximum of CHF 100m > Subscription period for existing shareholders from 4 to 15 June 2018 > Interest coupon at 1.75 % p. a. through June 2023 > With each bond with a nominal value of CHF ...
Read more …

Acquisition of 1,066 apartments in Baden-Württemberg; portfolio grows to 8,000 apartments

> Acquisition of 1,066 apartments, 9 commercial units and 771 parking spaces in Heidenheim (Ulm) > New portfolio with rental residential space of 73,711 square meters and occupancy level of around 95 percent; entire residential rental area increases to 518,000 square meters > Annual target rental income in total portfolio ...
Read more …

AGM approves all proposals – financial and real estate expert Kurt Hardt appointed to the Board of Directors

The shareholders of Peach Property Group, an investor specialising in German real estate with a focus on residential property, today approved all proposals made by the Board of Directors at today's general meeting in Zurich with a clear majority. A total of around 47 percent of the share capital was ...
Read more …

Profits increase to CHF 41.9m and expansion of residential portfolio to around 7,000 units with target rent of CHF 34m

> Earnings after tax up significantly to CHF 41.9 million, from CHF 11.6 million in the previous year > Property portfolio grows to around 7,000 units in 2017 after 3,129 units in the previous year; residential rental space increases to almost 445,000 square meters > Target rental income in the ...
Read more …

Kurt Hardt (Vorstand at Kreissparkasse Biberach) nominated to the Board of Directors

> Kurt Hardt is an expert for the German financial and real estate markets > His nomination reflects Peach Property Group's position as a major portfolio holder in Germany > Planned expansion of Board of Directors from three to four members as consequence of the dynamic growth path of the ...
Read more …

Significant growth of earnings before taxes to around CHF 50 million for 2017 according to preliminary figures

> Strong increase in earnings before taxes to around CHF 50 million, after CHF 15.5 million during the previous year > Portfolio of residential units grows to around 7,000 units in 2017 after 3,150 units during the previous year; lettable area increases to over 445,000 square metres > Annualised target ...
Read more …

Acquisition of an additional portfolio in Bochum – number of apartments lifted to almost 7,000 units

Acquisition of 172 residential units in Bochum in form of share deal > Total residential letting space increases to around 445,300 square meters > Annual target rental income increases by around CHF 1 million to CHF 34 million > Transaction expected to close in 2017 Peach Property Group, an investor ...
Read more …

Increase in number of apartments by 13 percent to more than 6,700 units

Acquisition of a portfolio with 793 residential units in Hesse and Thuringia to supplement the existing portfolio in the north of Hesse > Number of apartments in this region up to 1,245 > New portfolio has 44.168 m2 of residential space and an occupancy level of roughly 93 percent > ...
Read more …

Acquisition of 1,100 apartments in the greater Bielefeld region

Peach Property Group increases residential portfolio to nearly 6,000 units by purchasing 1,100 apartments in the greater Bielefeld region > Acquisition of 1,109 apartments mostly in the Bielefeld-Herford region in North Rhine-Westphalia > New portfolio with rental residential space of 72,598 square meters and rental level of around 95 percent; ...
Read more …

Peach Property Group AG: Newly designed Website with additional digital services online

Zürich (pta/20.10.2017/07:00) - Peach Property Group, an investor focusing on residential property in Germany, has launched the final part of the company's new corporate design with its newly designed Website. The web site https://www.peachproperty.com presents the key points of the company's core business: holding residential property, focusing on sustainably growing ...
Read more …

Peach Property Group with full placement of its hybrid convertible bond in the amount of CHF 59 million

Recently topped-up hybrid convertible bond fully subscribed at the end of the subscription period due to strong demand Proceeds to be used for further portfolio expansion and repayment of liabilities Further acquisitions being prepared   Zurich, 2 October 2017 – Peach Property Group, an investor specialising in the management of ...
Read more …

Peach Property Group acquires additional residential portfolio in Germany, increasing holdings to 4,870 residential units

Purchase agreement for 273 residential units in Kaiserslautern and Saarbrücken notarized Lettable residential area in total portfolio increases by 12,544 square meters to 317,513 square meters New portfolio is around 94 percent let with actual rental income of around CHF 1 million (EUR 0.9 million) per year Annual target rental ...
Read more …

Peach Property Group increases the target volume for its convertible hybrid bond due to strong demand

Significant subscription volumes shortly after beginning of pre-subscription period Option to increase target volume from CHF 25 million to up to CHF 59 million will be used Pre-subscription right for shareholders until 29 September 2017 (noon CET) with bookbuilding for non-subscribed bonds Proceeds to be used to further portfolio increase ...
Read more …

Peach Property Group acquires further property portfolio in North Rhine-Westphalia

Acquisition of a pure residential portfolio with 266 units in Bochum and Hamm Target rent of around CHF 1.1 million (EUR 0.95 million) with a vacancy rate of around 5% Existing residential portfolios in the area to deliver management synergies Total residential portfolio increases to around 4,600 apartments, target rent ...
Read more …

According to final figures Peach Property Group’s profits soar to CHF 16 million in first half-year 2017

Significant expansion of investment portfolio and asset management progress as main profit drivers Rental income up by 61 percent to CHF 6.8 million Market value of investment portfolio totals CHF 332 million, up 48 percent on year-end 2016; total portfolio at market value of CHF 414 million compared to CHF ...
Read more …

Peach Property Group AG gibt Traktanden der ordentlichen Generalversammlung bekannt

Zürich, 23. April 2013 – Die Peach Property Group AG, ein führender Entwickler von hochwertigen Wohnimmobilien im deutschsprachigen Europa, hat heute die Traktanden der ordentlichen Generalversammlung vom 17. Mai 2013 publiziert. Die Traktanden sind folgende: 1.   Geschäftsbericht 2012, Berichte der Revisionsstelle 1.1   Genehmigung Jahresbericht und Jahresrechnung der Peach Property ...
Read more …