Peach Property Group AG — M&A Activity 2012

Feb 1, 2012

News Details

Ad-hoc | 1 February 2012 18:51

Peach Property Group purchases a second investment property portfolio in Germany

Peach Property Group AG / Key word(s): Real Estate

01.02.2012 18:51

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

Press release

Peach Property Group purchases a second investment property portfolio in
Germany

• Living space and commercial retail space totalling approximately 20,000
  m2 in Erkrath-Hochdahl near Düsseldorf

• Annual rental income from investment properties increases by CHF 2.6
  million (EUR 2.1 million) to CHF 4.6 million (EUR 3.7 million)

• Another strategic step to smoothen income flows

Zurich, 1 February 2012 - Peach Property Group, one of the leading
developers of top-quality residential property in the German-speaking part
of Europe, has purchased an investment property portfolio east of
Düsseldorf in the centre of Erkrath-Hochdahl. The portfolio comprises 143
apartments covering a total surface area of 10,431 m2 as well as 28
business units with a total surface area of 9,324 m2. The annual rental
income from the portfolio totals CHF 2.6 million (EUR 2.1 million)
increasing the overall annual rental income of Peach Property Group
investment property portfolios to CHF 4.6 million (EUR 3.7 million). The
properties in Erkrath were sold by a fund of the Rheinisch-Westfälische
Immobilien-Anlagegesellschaft based in Düsseldorf. According to an
evaluation by independent experts Wüst & Partner, the market value of the
Peach Property Group investment property portfolio has increased to CHF
58.0 million (EUR 47.7 million).

Dr Thomas Wolfensberger, CEO of Peach Property Group AG, states: 'With the
portfolio in Erkrath-Hochdahl, we are pleased to have acquired
well-maintained properties in an attractive location and with a
high-quality building fabric. This acquisition will provide us with an
additional recurring rental income, which will contribute to steadying the
company's earnings.'

Erkrath is about twelve kilometres from the centre of Düsseldorf and boasts
an excellent transport network with local motorway intersections and
suburban train connections. The properties acquired are situated in a
central location around the redesigned market square. All the apartments
are currently rented and the vacancy rate for the entire portfolio is 1.6
per cent.

Bernd Hasse, Managing Director of Peach Property Group Germany, comments:
'The apartments consist of rent-controlled tenancies with rents some 45 per
cent below the current market average. Alongside the current attractive
initial return of 9 per cent, this offers substantial potential for value
appreciation going forward.'

Download links to press pictures:

http://www.peachestates.com/wp-content/uploads/2012/01/B_22.jpg
http://www.peachestates.com/wp-content/uploads/2012/01/D_14.jpg
http://www.peachestates.com/wp-content/uploads/2011/12/A_5.jpg

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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