Peach Property : acquires additional residential portfolio in Germany, increasing holdings to 4,870 residential units

• Purchase agreement for 273 residential units in Kaiserslautern and Saarbrücken notarized
• Lettable residential area in total portfolio increases by 12,544 square meters to 317,513 square meters
• New portfolio is around 94 percent let with actual rental income of around CHF 1 million (EUR 0.9 million) per year
• Annual target rental income increases to CHF 25.1 million

Zurich, 29 September 2017 - Peach Property Group, an investor specialising in the management of residential property in Germany, has further expanded its real estate holdings by buying 273 apartments in Kaiserslautern and Saarbrücken. The purchase agreement for the acquisition of the apartments, which also include 64 parking spaces, was notarized yesterday. As a result, Peach Property Group's portfolio of residential properties grows by 6 percent to 4,870 units. Lettable residential area in total will increase by 12,544 square meters to 317,513 square meters. The apartments have been sold by a major German real estate company; it was agreed not to comment on the purchase price. The transaction is expected to close by the end of this year.

The majority of the new apartments are located in Kaiserlautern in direct proximity to the Peach Property Group's existing portfolio. The Group's total portfolio in Kaiserslautern has increased to a current total of more than 1,100 apartments as a result of the purchase, up from the previous around 900 units. 47 residential units in the new portfolio are located directly in Saarbrücken city center. Most of the properties have been renovated during the past few years, and are accordingly in a good structural condition. The portfolio thus also offers a higher average living quality. Around 94 percent of the portfolio is let, and it currently generates an annual rental income of CHF 1.0 million (EUR 0.9 million). Peach Property Group's annual target rental income thus increases by around one million Swiss francs to now CHF 25.1 million.

Dr. Thomas Wolfensberger, Peach Property Group's CEO, commented: 'We have dynamically further expanded our investment portfolio and our rental income with the acquisition of the additional apartments in Kaiserslautern and Saarbrücken as planned. The new apartments have an attractive potential for added value, which we plan to realise through our active asset management. In addition, synergy effects result from the efficient management together with the other apartments which we already own in the region of Kaiserslautern.'

Contacts:

Media, investors and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer und 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

Download Media Release as pdf

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

Written September 29th, 2017.