Peach Property Group expands real estate portfolio in North Rhine-Westphalia Donnerstag, 13. Juli 2017 - 08:01

Peach Property Group AG / Key word(s): Real Estate
Peach Property Group expands real estate portfolio in North Rhine-Westphalia

13-Jul-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR

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Press release

Peach Property Group expands real estate portfolio in North Rhine-Westphalia

- Acquisition of 85 fully-let residential units in Mülheim an der Ruhr as a
complement to portfolio in North Rhine-Westphalia

- Direct proximity to portfolio in Oberhausen; joint management increases
efficiency

- Peach Property Group's portfolio of residential units grows to 4,328 units

- Annual target rental income of the entire investment portfolio increases
to CHF 22.4 million

Zurich, 13 July 2017 - Peach Property Group, an investor specialising in the
management of residential property in Germany, is further expanding its real
estate portfolio in North Rhine-Westphalia. The acquisition of 85 apartments
in Mülheim an der Ruhr, in direct proximity to the recently acquired
portfolio in Oberhausen, takes the number of residential units on Peach
Property Group's books to a total of 4,328 units. The corresponding purchase
agreement has been recently notarized and the transaction is expected to be
completed in September 2017. It has been agreed not to disclose the purchase
price.

The newly acquired apartments offer residential space of around 6,800 m2 and
are fully let. The annual net base rent totals around EUR 500 thousand
(almost CHF 540 thousand). Most of the residential units have been renovated
during the past few years and are thus in good structural condition. The
apartments are in a centrally located building complex surrounded by an
attractive outdoor area within a spacious park-like garden.

Dr. Thomas Wolfensberger, Peach Property Group's CEO, commented: "This
purchase in Mülheim increases the number of residential units on our books
to more than 4,300 with an annual target income of the entire investment
portfolio to CHF 22.4 million and it supplements the residential portfolio
we recently acquired in Oberhausen. The proximity of the portfolios and the
fact that we will jointly manage these will allow for efficiency gains."

Contacts:

Media, investors and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher,
Chief Financial Officer

+41 44 485 50 00 | investors@peachproperty.com

Media Germany

edicto GmbH, Axel Mühlhaus, Peggy Kropmanns

+49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de

About Peach Property Group AG

Peach Property Group is a property investor and developer focused on
investments in Germany and Switzerland. The Group stands for long time
experience, competence and quality. Innovative solutions for modern housing
needs, strong partnerships and a wide value chain complete the profile of
the Group. The portfolio consists of an increasing number of high yield
investment properties, typically in B-cities in close reach to metropolitan
areas. In addition, the Group develops properties for its own portfolio or
for the sale as condominium. Developments for sale focus on A-locations and
encompass attractive architecture and high level furnishing for an
international clientele. The business activities of the Group cover the
entire value chain, from property acquisition and site selection to active
asset management and finally to the sale or lease of properties.

Peach Property Group AG is headquartered in Zurich and has its German Group
headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss
Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto
Garzetti (President), Peter Bodmer and Dr. Christian De Prati.

For more information, see www.peachproperty.com


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End of ad hoc announcement

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