12.07.2017 – 07:06

Peach Property Group AG

EQS-Adhoc: Peach Property Group secures growth financing

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Financing
Peach Property Group secures growth financing

12-Jul-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Press release

Peach Property Group AG secures growth financing

- German Sparkasse and Volksbank institutes finance ongoing expansion through a
syndicated loan with a volume of up to EUR 60 million

- In the first stage around EUR 30 million will be provided with an increase
option

- Interest rate for financing 3.25% plus 5-Y-Midswap with a 5-year term

- Transaction arranged by Kreissparkasse Biberach's center of competence for
Corporate Finance

Zurich, 12 July 2017 - Peach Property Group, an investor specialising in the
management of residential property in Germany, has secured a syndicated loan
from German Sparkasse and Volksbank institutes of up to EUR 60 million to
accelerate its growth. In a first stage around EUR 30 million have been
provided. This unsecured loan bears an interest rate of 5-Y-Midswap plus 3.25%
per year and has a 5-year term. The transaction was arranged by Kreissparkasse
Biberach's center of competence for Corporate Finance. The newly agreed
financing will supplement standard bank mortgages when acquiring real estate
portfolios.

As part of the ongoing expansion of the Group's portfolio, the credit volume can
be increased to up to EUR 60 million. Peach Property Group intends to use the
additional funding to acquire residential property in Germany and thus to
further expand the number of apartments on its books. The Group has already
increased its portfolio by more than one third since the beginning of 2017 to a
total of 4,243 residential units.

Dr. Thomas Wolfensberger, Peach Property Group's CEO, commented: "This
transaction means that we have further increased our financial reach, allowing
us to continue our expansion. In the first place, we are focusing on regions
where we already own properties, thus allowing us to leverage portfolio
management synergies. This syndicated loan's structure is very close to the
capital markets, thus allowing us to use all the opportunities that the capital
market offers."

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 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, seewww.peachproperty.com

 

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=WLPLFYEUUA
Document title: Press Release
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End of ad hoc announcement------------------------------------------------------

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 (Basic
Board) in Frankfurt; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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591783  12-Jul-2017 CET/CEST