Peach Property Group AG — M&A Activity 2013

Apr 18, 2013

News Details

Ad-hoc | 18 April 2013 07:03

Peach Property Group AG presents ‘yoo wollerau’

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

18.04.2013 07:03

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

Press release

Peach Property Group presents 'yoo wollerau':

• First 'yoo inspired by Starck' project in Switzerland

• Volume of sales expected to be in the regions of CHF 59 million

• 18 exclusive condominiums in Wollerau

• Private spa area with outdoor pool and lounges

• Uniquely designed apartments with room heights of up to 3.70 metres

• Sales have commenced; occupancy scheduled for late 2015

Zurich, 18 April 2013 - Peach Property Group AG, a leading developer of
high-quality residential property in the German-speaking region of Europe,
has launched in Switzerland a further luxury condominium project: 'yoo
wollerau'. The company is expanding its cooperation with the London-based
international interior design and marketing firm, yoo Ltd., London, whose
Creative Director is world-renowned designer Philippe Starck. 'yoo inspired
by Starck' will participate for the first time and exclusively in a Swiss
construction project and bear responsibility for the interior design of the
project of 18 upscale condominiums.

The sales volume of the project amounts to roughly CHF 59 million. The 18
loft-style 3½- to 6½-room apartments with floor space ranging from 110 m2
to 295 m2 will be constructed at a central location in the low-tax
community of Wollerau not far from Zurich. 'yoo wollerau' offers singles as
well as couples and families highly attractive living quarters. Four 'yoo
inspired by Starck' design formats will be available to choose from:
Nature, Classic, Culture and Minimal. Amongst the other amenities at the
disposal of future residents of 'yoo wollerau' are room heights of up to
3.70 metres, oversized windows and 'canons à lumière', high-quality
interior fittings, a private spa facility with lounge, sauna, steam bath, a
fitness room and an outdoor pool with a generously designed outdoor lounge,
in a beautiful garden.

'yoo' was founded in 1999 by star designer Philippe Starck and property
developer John Hitchcox and has been involved in more than 50 residential
and hotel projects in 26 countries. Already in the high-profile 'yoo
berlin' project on the shores of the Spree in Berlin-Mitte, Peach Property
Group has worked successfully with this London company. Dr. Thomas
Wolfensberger, CEO of Peach Property Group, is pleased: 'We are thrilled
that we can now offer the 'yoo' concept to our Swiss clientele and realise
a project in Wollerau that exemplifies our belief in quality. With it,
another highly attractive Swiss development project of Peach Property Group
is entering the realisation phase.'

Philippe Starck, Creative Director of 'yoo inspired by Starck', says: 'We
are very happy to be working with our great friends from Peach Property
Group for the first time in Switzerland. Beautiful Wollerau already offers
majestic nature and with this I can't compete. We only hope to bring a
little more love and happiness to the homes and the lives of the people of
'yoo wollerau'.'

John Hitchcox, Co-founder of 'yoo', adds: 'At 'yoo', we believe in creating
sanctuary, but also in making places where people can come together and
feel part of a community. Wollerau is a stunning location, and ideal for an
escape from city life, whether it's for the individual or whole family.
Together with Peach Property Group, we will bring the 'yoo' ethos to life
with this stunning collection of high end condominiums.'

At the same time Peach Property Group is pleased to announce the projects'
official website www.yoowollerau.com. Here, customers find all the
information about the project, have access to floor plans and can choose
amongst the four design formats which have been developed by 'yoo inspired
by Starck' under the creative direction of Philippe Starck.

The sale of the 'yoo wollerau' condominiums commenced today. Interested
parties should call +41 44 485 50 00. The completion of the project is
scheduled for the end of 2015.

Project website:
www.yoowollerau.com

Contacts:
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00 | investors@peachproperty.com

Media Germany
edicto GmbH, Axel Mühlhaus
+49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de

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 the 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 operating income.

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.

About yoo
yoo, founded more than a decade ago by the renowned French designer
Philippe Starck and real estate developer John Hitchcox, is an
internationally active marketing, design and investment company that
enhances the quality and added value of property development projects in
metropolitan areas and major cities throughout the world. Five core teams
represent the brand: 'yoo inspired by Starck', Jade Jagger for yoo, Kelly
Hoppen for yoo, Wanders & yoo and the yoo Design Studio. Over the past ten
years, yoo has worked worldwide with international partners on numerous
unusual buildings and major residential projects in Asia, Australia,
Europe, North and South America as well as the Middle East. To date, the
firm has participated in more than 50 projects in 26 countries with a
collective sales volume of USD 7 billion.

Visit www.yoo.com for more information.

18.04.2013 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@peachproperty.com
Internet: www.peachproperty.com
ISIN: CH0118530366
Swiss Security Number: A1C8PJ
Listed: Freiverkehr in Berlin, Stuttgart; Frankfurt in Open
Market ; SIX

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