Peach Property Group AG — Earnings Release 2011

Feb 1, 2012

News Details

Ad-hoc | 1 February 2012 18:35

Peach Property Group AG provides preliminary forecast on annual result 2011 and publishes asset reporting

Peach Property Group AG / Key word(s): Forecast

01.02.2012 18:35

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

Press release

Peach Property Group AG provides preliminary forecast on annual result 2011
and publishes asset reporting

Zurich, 1 February 2012 - Peach Property Group, one of the leading
developers of top-quality residential property in the German-speaking part
of Europe, today provided a forecast of its annual result 2011. In light of
the fact that - as scheduled on the timeline - no major property
development projects were concluded during the reporting year, income from
property development will be considerably lower than that reported during
the previous year. Income from investment properties, however, will be
slightly higher as Peach Property Group acquired an extensive portfolio of
investment properties in Munster, Germany, in the second half of 2011.
Earnings from this transaction led to earnings from a revaluation in the
second half of the year. On the basis of the preliminary figures, Peach
Property Group expects to achieve a slightly better, though still negative,
result for the second half of 2011 compared to that recorded in the first
half of 2011.

According to the asset reporting for the 4th quarter of 2011, also
published today, the market value of the property portfolio - based on a
valuation performed by independent property valuers Wüest & Partner on 31
December 2011 - amounts to CHF 295.9 million. Properties under development
account for CHF 274.3 thereof. This corresponds to 93% of the overall
portfolio. Investment properties account for CHF 21.6 million or 7% of the
portfolio.

Peach Property Group AG will publish its complete annual results on 2 April
2012 and present detailed information at a media and analysts' conference.
The asset reporting for the 4th quarter of 2011 is available on the Peach
Property Group website under the following link:

http://investoren.peachestates.com/websites/peachestates/English/5300/asse
t-reporting.html

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 part of Europe. Activities
cover the entire top-quality property development value chain from site
surveying 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.

Peach Property Group AG currently employs 34 real estate and finance
specialists at its Zurich head office and at its Cologne branch. The Group
is currently planning and implementing 14 projects with 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.peachestates.com for more information.

01.02.2012 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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