Peach Property Group AG / Key word(s): Real Estate
06.02.2013 07:03

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

---

Press release 

Peach Property Group AG - construction of 'Schooren des Alpes' project in Kappl near Ischgl successfully concluded

- Exclusive real estate project completed according to schedule
- Lifestyle condominiums in ski paradise meet the highest demands
- 9 of 12 units already sold; an additional one reserved
- Cash flow of close to CHF 9.0 million anticipated
Zurich, 6 February 2013 - Peach Property Group AG, a leading developer of high-quality real estate in the German-speaking region of Europe, has maintained its positive business momentum by completing on schedule the construction of its 'Schooren des Alpes' project in Kappl near Ischgl.
'Schooren des Alpes' is an exclusive real estate development with twelve condominiums in Austria's Paznauntal, a top Tyrolean Alps destination. Nine units have already been handed over, and a further one is reserved. Peach Property Group expects to generate a cash flow of close to CHF 9.0 million from sales of the condominiums.

'Schooren des Alpes' meets the highest demands in terms of lifestyle and atmosphere. The façade of 'Pietra del Cardoso' natural stone is stunning for its tranquil splendour. The uniqueness of this architecture is also expressed in the interiors of the units, which feature the finest quality materials and a modern Alpine design. The condominiums, with 133 m2 to 246 m2 of floor space, have access to luxurious extras such as a wellness area with indoor and outdoor pool, sauna, Turkish bath and a relaxation lounge. Here, the advantages of a top-notch private apartment are combined with the comfort of a five star hotel and set new standards for winter sport real estate.

If not currently occupied by the owners, all of the condominiums can be rented to third parties. At www.schooren-ischgl.com, year-round sport enthusiasts have the opportunity to book the apartments for an exclusive Alpine holiday. The rental income goes to the owners of the condominiums, thereby enabling them to earn a return on their investment every year.
Condominium owners Christel and Joris Mathijsen commented: 'The apartment looks great! It's so beautiful! We're very happy with it.' And buyers Asha and Paul Smith write: 'Thank you so much for delivering an exceptional apartment.'

'We're thrilled with the new occupants of 'Schooren des Alpes'', says Dr. Thomas Wolfensberger, CEO of Peach Property Group AG. 'With their investment in this extraordinary property at a first-class location, they not only enjoy a residence in the absolute luxury segment; they also benefit from the positive trend in real estate prices at top ski destinations as well as from rental income during times when they are not using their holiday home.'

Peach Property Group is presently developing other real estate projects in Hamburg ('Harvestehuder Weg 36', H36), Berlin ('yoo berlin', 'Living 108') and Wädenswil outside of Zurich ('Peninsula Beach House'). The topping-out ceremony for 'yoo berlin' was held this past November. The Group's largest current project is the 'Peninsula', a 30.000 m2 complex directly on the shores of Lake Zurich.

In late January, Peach Property Group voiced its positive outlook for the company's 2012 financial results, and today will be providing more detailed information on the progress of its construction and development projects on the occasion of an Investors' Day conference. The related presentation can be viewed at the Peach Property Group website:

http://investoren.peachproperty.com/websites/peachproperty/English/5400/pr esentations.html

Further project information on 'Schooren des Alpes':
www.elevated-living.at

Photos of 'Schooren des Alpes': 

http://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Aussenansicht. jpg
http://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Wellness.jpg http://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Studio-54.jpg http://www.peachproperty.com/wp-content/uploads/2013/02/SdA-Dracula.jpg
Contact partners
Investors, analysts, media:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00 
investors@peachproperty.com

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, with units that feature 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 further information.

06.02.2013 News transmitted by EquityStory AG. 
The issuer is responsible for the contents of the release.
EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. 
The Swiss news archive can be found at www.equitystory.ch/news

---

 
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; Open Market in                         Frankfurt; SIX
 
End of Announcement EquityStory News-Service  

---