Peach Property Group AG — Capital/Financing Update 2012

Jul 2, 2012

News Details

Ad-hoc | 2 July 2012 07:02

Peach Property Group (Deutschland) GmbH places bond of EUR 10.3 million

Peach Property Group AG / Key word(s): Issue of Debt

02.07.2012 07:02

Release of an ad hoc announcement pursuant to Art. 53 KR

Press release
Peach Property Group (Deutschland) GmbH places bond of EUR 10.3 million

• Coupon of 6.6% p.a., maturity date of 30 June 2016

• Investment-grade rating BBB- with listing in the Entry Standard of
  Deutsche Börse AG

• Net proceeds mainly for the acquisition of rental properties in Germany

• Smoothening of operating income thanks to portfolio acquisitions

Cologne, Zurich, 2 July 2012 - Peach Property Group (Deutschland) GmbH has
reached a subscription volume of EUR 10.3 million (CHF 12.4 million)
following expiry on 30 June 2012 of the subscription period for its
corporate bond, which has a maturity date of 30 June 2016 and an interest
coupon of 6.6% p.a. Alongside institutional investors, subscribers included
funds. The proceeds from the bond will be deployed for the future growth of
Peach Property Group in the German market. The intention is to develop a
portfolio of investment properties to smoothen out the earnings volatility
of development properties, and to finance current and forthcoming projects.
The bond has been awarded an investment-grade rating of BBB- by respected
rating agency Creditreform Rating AG, and is being traded in the Entry
Standard of Deutsche Börse AG (ISIN: DE000A1KQ8K4; WKN: A1KQ8K).

Peach Property Group AG CEO Thomas Wolfensberger comments: 'Despite the
challenges currently facing Europe's capital market environment, we have
succeeded in attracting new investors and funds to the Peach Property Group
business model and driving additional growth for the company through the
bond subscription.'

Two sizeable portfolios of investment properties have already been
acquired, one in Munster in the Lunenburg Heath south of Hamburg, the other
in Erkrath near Düsseldorf. Further acquisitions are being considered on an
ongoing basis. The overall market value of the group's investment property
portfolio currently stands at around EUR 47.7 million (CHF 57.5 million),
with

target rental income as per the end of January 2012 rising to EUR 3.8
million (CHF 4.6 million).

Peach Property Group (Deutschland) GmbH is a subsidiary of Swiss-based
Peach Property Group AG, a leading developer of high-quality residential
properties in German-speaking Europe. In line with current plans for 2012
and 2013, Peach Property Group AG will be completing a number of large
high-quality residential development projects in Hamburg, Berlin and Kappl
near Ischgl.

Contacts
Investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors@peachestates.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.
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. 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.peachestates.com for more information.

02.07.2012 News transmitted by EquityStory AG.
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Language: English
Company: Peach Property Group AG
Seestrasse 346
8038 Zürich
Switzerland
Phone: +41 44 485 50 00
Fax: +41 44 485 50 11
E-mail: investors@peachestates.com
Internet: www.peachestates.com
ISIN: CH0118530366
Swiss Security Number: A1C8PJ
Listed: Freiverkehr in Berlin, Stuttgart; Open Market in
Frankfurt; SIX

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