EQS-Adhoc: Peach Property Group: Issue of 2015/2020 bond cancelled for the time being
EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): Issue of Debt
Peach Property Group: Issue of 2015/2020 bond cancelled for the time being
05.11.2015 / 18:30
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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Press release
Peach Property Group:Issue of 2015/2020 bond cancelled for the time being
Zurich/Cologne, 5 November 2015 - Peach Property Group AG, an investor in
residential and commercial real estate, today announced that it has decided to
cancel the issue of the planned 2015/2020 bond of its German subsidiary Peach
Property Group (Deutschland) AG for the time being after having reviewed the
subscription orders received at the end of the subscription period. Due to the
alternative financing options available, a change of the bond terms - especially
as regards its coupon and target volume - is not a viable alternative. Repayment
of the existing 2011/2016 (ISIN DE000A1KQ8K4) bond, which expires on 30 June
2016, and the expansion of the Group's investment portfolio can well be financed
otherwise as well.
Contacts:
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer and 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 (Deutschland) AG
Peach Property Group (Deutschland) AG is a wholly-owned subsidiary of
Swiss-based Peach Property Group AG. The company is a successful holder of
high-yield residential investment properties and selected retail and office
properties in Germany. These are located in medium-sized cities ("B" and "C"
cities), mainly in the vicinity of major urban agglomerations. Going forward,
the company's focus will be on expanding its property portfolio aimed at
increasing value by adding properties in Germany that generate good yields. As
of 30 June 2015, the investment portfolio of Peach Property Group (Deutschland)
AG had a market value of EUR 88 million. In the first six months of 2015, Peach
Property Group (Deutschland) generated earnings after taxes of approx. EUR 7.4
million, compared with EUR 0.35 million in the previous year. Equity almost
doubled compared with the end of 2014, reaching EUR 15.5 million as of 30 June
2015.
About Peach Property Group AG
Peach Property Group AG is a property investor and developer focused on
investments in Switzerland and Germany. The portfolio includes an increasing
number of investment properties that are designed to generate sustained income
as well as attractive residential development properties. The Group's activities
cover the entire value chain, from site evaluation to project planning,
implementation and marketing. In the investment segment, the Group is focused on
properties with a potential for achieving attractive yields based on active
asset management - typically secondary locations in the catchment area of urban
agglomerations. In the development segment, the Group concentrates on
exceptional locations and properties with high-end specifications and amenities
that meet the requirements of a demanding clientele.
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).
For more information, see www.peachproperty.com
End of ad hoc announcement
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Additional features:
Document:http://n.equitystory.com/c/fncls.ssp?u=USADPNIJBB
Document title: Bond Cancellation
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05.11.2015 News transmitted 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: Regulated Unofficial Market in Berlin, Stuttgart; Open Market in
Frankfurt ; SIX
End of News EQS Group News Service
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409613 05.11.2015
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