Peach Property Group AG / Key word(s): Strategic Company Decision
01.10.2012 21:50

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

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Media release 

Peach Property Group AG: Transformation of the Germany subsidiary into a corporation

Zurich, 1 October 2012 - Peach Property Group AG, a leading developer of top-quality residential properties in the German-speaking region of Europe, has decided to transform its German subsidiary, Peach Property Group (Deutschland) GmbH, into an incorporated company (AG). The change has been notarially certified. As a result, the legal form of the company will be better adapted to the planned future growth. Its equity capital will amount to EUR 5.0 million. Bernd Hasse (President) and Carsten Kipping (Deputy President) were appointed to the Executive Board.

The Chairman Designate of the Supervisory Board is Dr. Thomas Wolfensberger, CEO of Peach Property Group AG. Further Supervisory Board Members are:

- Dr. Corinne Wohlfahrt, board member of Swiss-based Peach Property Group AG, who is active in the private equity area and has profound knowledge of the German market thanks to her years of engagement in Berlin;
- Dr. Marcel Kucher, CFO of Peach Property Group AG;
- Paul Jörg Feldhoff, Managing Partner at Feldhoff Management Services, specialised in strategy consulting and business development in the real     estate and financial industries;

- Dr. Daniel Kautenburger-Behr, attorney, tax advisor and Partner at the consulting firm Ebner Stolz Mönning Bachem, with many years of experience as a consultant and in-house counsel in the real estate business and exchange-listed companies; as well as
- Michael Zimmermann, Managing Partner of the architectural office Michael Zimmermann and Co. and of project development company Urban Architecture Developments, previously co-proprietor of KSP Engel and Zimmermann, has realised significant domestic and international     projects.

The formal entry of the German AG into the commercial register is expected shortly.

Peach Property Group (Deutschland), headquartered in Cologne, has significantly reinforced its top-level management team in recent weeks and expanded its project pipeline. One example is the acquisition of a large historical property in Dortmund which dates back to the 1920ies. It will be renovated and converted.

Peach Property Group develops and markets attractive residential property projects with strong brands in the luxury segment, and is also establishing a high-yielding portfolio of investment properties.
Contacts
For 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 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 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 revenues.

Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. The Group's current projects account for a total target marketing volume of approximately CHF 800 million. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).
Visit www.peachestates.com for more information.


01.10.2012 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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