Zurich, 9 May 2012 – Peach Property Group AG, a leading developer of high-value residential property in German-speaking Europe, has published sales figures as work begins on its Peninsula Beach House development: to date, 13 of the 23 high-quality dwellings have been notarised. This corresponds to 41% of the planned sales volume.
Peach Property Group CEO Thomas Wolfensberger: “The fact that the notarisation of condominiums in the Peninsula Beach House has accelerated in the last few weeks confirms the appeal of these exclusive dwellings. The construction plan foresees residents being able to move into their exceptional lakeside residences in 2014.”
Benefiting from a saleable floor area amounting to 4745 m2, the Peninsula Beach House will be offering its owners a unique quality of life complete with direct access to, and breathtaking views of, Lake Zurich. With floor areas of between 130 and 290 m2 , the condominiums nestle harmoniously in a park setting designed by landscape architect Enzo Enea and come with a price tag starting at CHF 2.2 million. The Peninsula Beach House development also comprises a private gym and wellness facility containing a spa, an indoor squash/exercise hall, indoor golf, an aerobics room, a 20 m indoor pool and a relaxation tub. The development is being built to Swiss Minergie® standards and incorporates the latest sustainable energy systems, including heat-exchange technologies for exploiting the latent heat of the lake water.
The construction plan foresees occupancy of the units in the spring of 2014. Anchor and tensile trialling work is currently underway on the challenging lakeside terrain. The complex excavation work is scheduled to begin in June. Superstructure work is due to start early in 2013.
The Peninsula Beach House represents the first construction phase of the overall Peninsula development planned for Wädenswil’s historically significant Giessen industrial estate, which occupies a 30,000m2 peninsula on Lake Zurich. Peach Property Group is breathing new life into the former private site and complementing what, in part, are heritage-protected buildings through the addition of new residential units possessing architectural and aesthetic merit. The peninsula is being submitted to a thoroughgoing upgrade complete with car-free park, a network of paths and public spaces.
Investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
Siro Barino, Barino Consulting
+41 79 335 24 24
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. Properties developed by Peach Property Group AG are located on exceptional sites in or near city centres and holiday resorts. Premier amenities meet the requirements of a demanding clientele. The company’s integrated corporate strategy includes 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. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).
Visit www.peachproperty.com for more information.