Zurich/Cologne, 12 November 2012. Peach Property Group AG, a leading developer of prime residential properties in the German-speaking region of Europe, has announced that its indirectly owned German subsidiary, Peach Property Group (Deutschland) AG, is postponing its planned initial public offering. The company will continue with the talks already initiated with strategically attractive investors. These talks will focus on alternative forms of cooperation and financing designed to bring about the future accelerated growth. The company had scheduled the initial listing of Peach Property Group (Deutschland) AG (ISIN DE000A1RE400) shares in the Prime Standard segment of the Frankfurt Stock Exchange for 14 November. All previously acquired projects in the pipeline, such as “Living 108” and the projects in Dortmund, can be realised as planned thanks to the strength of the group’s internal financing.
For investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00, firstname.lastname@example.org
Siro Barino, Barino Consulting
+41 79 335 24 24, email@example.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 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 revenues.
Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. The Group’s current projects account for a total target marketing volume of approximately CHF 800 million. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).
Visit www.peachproperty.com for more information.