Zurich, 25 September 2012 – Peach Property Group AG, a leading developer of top-quality residential property in the German-speaking region of Europe, is extending the management team of its German subsidiary, Peach Property Group (Deutschland) GmbH. The newly created post of Chief Financial Officer (CFO) reflects both the marked growth of the company’s activities in Germany and its plans for expansion. The new post is to be filled on 1 October 2012 through the appointment of Carsten Kipping (45), who will also take a seat on the Peach Property Group (Deutschland) GmbH board of management.

Carsten Kipping has gained extensive experience in Germany and at an international level. The past ten years have seen him in the role of CFO for highly regarded portfolio companies controlled by private equity firms. He has been, for instance, the CFO of the Kobusch Group, Navico Holding and Leybold Optics with responsibility for refinancing transactions involving volumes of up to EUR 150 million. Prior to that, he spent six years with McKinsey & Company as their Engagement Manager in Germany and Brazil. Carsten Kipping qualified as a business graduate at the WHU – Koblenz School of Corporate Management.

Bernd Hasse, Managing Director of Peach Property Group (Deutschland) GmbH: “With his proven track record and long-standing experience as a financial specialist, we look forward to welcoming Carsten Kipping to our team. His broad expertise as a CFO in the realm of project and corporate financing for companies undergoing strong growth will make a significant contribution to the delivery of our expansion projects, as will his experience in implementing strategic business plans.”

Peach Property Group develops and markets attractive residential property projects with strong brands in the luxury segment, and is also establishing a high-yielding portfolio of investment properties.

Photo of Carsten Kipping:

https://www.peachproperty.com/wp-content/uploads/2012/09/Carsten-Kipping.jpg

Contacts

Investors and analysts:

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

Media

Siro Barino, Barino Consulting
+41 79 335 24 24, info@barino.ch

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 the SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for more information

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