Peach Property : acquires further property portfolio in North Rhine-Westphalia

• Acquisition of a pure residential portfolio with 266 units in Bochum and Hamm
• Target rent of around CHF 1.1 million (EUR 0.95 million) with a vacancy rate of around 5%
• Existing residential portfolios in the area to deliver management synergies
• Total residential portfolio increases to around 4,600 apartments, target rent to around CHF 24.1 million

Zurich, 13 September 2017 - Peach Property Group, an investor focused on investments in residential property in Germany, today announced the acquisition of further 266 residential units in North Rhine-Westphalia, specifically 201 apartments in Bochum and 65 in Hamm. With a population of 365,000 and 180,000, respectively, Bochum and Hamm are among the 15 largest cities in North Rhine-Westphalia. Both form part of the Düsseldorf-Dortmund-Essen metropolitan area. The properties were sold by a large, regional property company, and both parties have agreed not to disclose the purchase price. The closing of the transaction is expected to take place in late November.

Comprising a living area of around 14,300 square meters, the newly acquired properties are situated close to the existing Peach Property Group portfolios in Oberhausen, Duisburg and Mühlheim. This creates synergies in managing the entire portfolio. Peach Property Group also plans to expand tenant support as part of its active asset management approach and to further enhance the already good overall state of the properties acquired through moderate modernizations. Peach Property Group also aims to reduce the current vacancy rate of 4.8 percent. The acquisition is expected to increase the annual target rent for the Group's entire portfolio from around CHF 23.0 million to just under CHF 24.1 million. The total property portfolio of Peach Property Group increases to around 4,600 apartments as a result of the acquisition.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: 'The new portfolio is a perfect match for our existing property holdings in the region. We therefore expect to soon see both positive effects in managing the apartments and a decrease in the vacancy rate.'

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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

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 13th, 2017.