26.11.2013 – 07:04

Peach Property Group AG

DGAP-News: Peach Property Group celebrates laying of the corner-stone for 'Living 108' in Chausseestrasse in Berlin-Mitte

EQS Group-News: Peach Property Group AG / Key word(s): Real Estate
Peach Property Group celebrates laying of the corner-stone for 'Living
108' in Chausseestrasse in Berlin-Mitte

26.11.2013 / 07:02

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Media release

Peach Property Group celebrates laying of the cornerstone for 'Living 108'
in Chausseestrasse in Berlin-Mitte

  - 128 luxury apartments, generously proportioned penthouses and city
    suites close to the new BND headquarters, due for completion by early
    2015

  - More than 65% of the residential units have been sold or reserved

  - The revenue volume will exceed EUR 35 million

  - New 'Living' projects announced in Berlin

Berlin/Zurich, 26 November 2013 - Peach Property Group AG, a leading
developer of luxury residential properties in German-speaking countries in
Europe has today laid the foundation stone for its fourth Berlin projects
in the direct vicinity of the new headquarters of the German Federal
Intelligence Service (BND). The successful completion of 'Living 106' will
now be followed by the neighbouring 'Living 108'. The traditional
cornerstone laying ceremony was attended by all those involved in the
construction work together with numerous guests. Words of welcome were
given by the architect Annette Axthelm, by Udo Sauter, Branch manager of
the general contractor Porr AG, and by Bernd Hasse, CEO of Peach Property
Group (Deutschland) AG.

'With buyers for more than 65% of the units so far  - over 45% registered
and a further 20% reserved - and the envisaged completion in early 2015, we
see the project proceeding fully according to plan', explained Bernd Hasse
to the audience. 'And after the great success of our Living concept, we are
currently examining the suitability of two attractive locations in Berlin
for further Living projects.' Situated on the plot at Chausseestrasse
108/109 in Berlin-Mitte, 'Living 108' consists of an ensemble of 128 luxury
apartments with a total of 7,188 m² floor-space and three commercial units
with a further 291 m² of floor-space. The design was the work of the
Potsdam-based Axthelm Architects. KAIRONOS Invest AG is participating on
the equity side. For Living 108, Peach Property Group is expecting to
achieve a revenue volume of more than EUR 35 million.

The apartments with two to four rooms, offering between 38 m2 and 121 m2 of
floor space, have prices ranging from EUR 197,500 to EUR 703,000. The
condominium apartments, penthouses with roof terraces, and the 'Living
Suites' in Living 108 have been designed to meet a range of varying
requirements. The 'Living Suites' are apartments for letting with
furnishings and additional services - a concept which has proved very
attractive with private investors.
The residents will have their own community space with fitness area, a
shared roof terrace offering a panorama view of Berlin, and an underground
car park for 54 vehicles.

Sales ratio of more than 65% already achieved
'We are experiencing lively interest in our project here on the rapidly
developing Chausseestrasse,' comments Dr Andreas Steinbauer, Head of Sales
and Marketing at Peach Property Group AG, with regards to the good sales
ratio of more than 65% since the start of the project: 'Obviously we have
hit on a range of living styles in Living 108 which are exactly right for
both owner-occupiers and for private investors.'

Further information
www.livingsuites.de

Images

http://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Fassade.
jpg
http://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Penthous
e.jpg
http://www.peachproperty.com/wp-content/uploads/2013/07/Living108_Fitnessr
aum.jpg
Contacts

Media, Investors and Analysts
Dr Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 5000 |  investors@peachproperty.com


Media Germany:
Koopmann.kommunikation | Hans Peter Koopmann
+49 171 4577 889 |  post@koopmannkommunikation.de

About Peach Property Group
Peach Property Group AG is one of the leading developers in the luxury
residential property sector in German-speaking countries. Its activities
cover the entire value-creation chain for the creation of luxury properties
from the site evaluation through project planning to the realisation and
marketing. Peach Property Group concentrates on urban and holiday
residences at select locations with fittings of the highest standards for
clients with discernment. The company has adopted an integrated strategy
which combines the development of luxury residential properties with the
ownership of existing real estate in order to stabilise annual operating
revenues.

Peach Property Group AG has its headquarters in Zurich and a branch in
Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN,
ISIN CH0118530366).
For further information visit www.peachproperty.com

About KAIRONOS Invest AG
KAIRONOS Invest AG makes equity available for real estate project
developments, contributes its expertise in project structuring, and
participates in the management of the resultant equity partnerships. The
Equity Partnership Model is adapted to suit the specific requirements of
each project. The company was founded in 2008 and after more than two years
of joint ventures with a subsidiary of Deutsche Bank AG had already firmly
established its market position. The successful cooperation with the
Deutsche Bank Group resulted in 2011 in a cooperation agreement with the
Sal. Oppenheim private bank. www.kaironos-ag.de


End of Corporate News

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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=BSWVPGYOKA
Document title: Media Release as PDF

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26.11.2013 This Corporate News was distributed by EQS Schweiz AG.
www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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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@peachproperty.com
Internet: www.peachproperty.com
ISIN:        CH0118530366
Valor:       A1C8PJ
Listed:      Freiverkehr in Berlin, Stuttgart; Frankfurt in Open Market
             ; SIX


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