DGAP-News: Peach Property Group AG celebrates topping out of its residential project at Harvestehuder Weg 36 in Hamburg
(firmenpresse) - EquityStory AG-News: Peach Property Group AG / Key word(s): Real
Estate
Peach Property Group AG celebrates topping out of its residential
project at Harvestehuder Weg 36 in Hamburg
26.02.2013 / 07:04
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Press release
Peach Property Group AG celebrates topping out of its residential project
at Harvestehuder Weg 36 in Hamburg
- Important project from an architectural and urban development
perspective progressing to plan in Hamburg
- 57 exclusive apartments on the banks of the Outer Alster
- First construction tranche almost sold out; around 60% of second
tranche notarised or reserved
- Completion in late summer 2013; conclusion of sales also envisaged in
2013
- Volume of sales expected to be in the region of CHF 103 million (EUR 85
million) with a capital return of around CHF 41 million (EUR 33
million)
Zurich/Hamburg, 26 February 2013 - Peach Property Group AG, a leading
developer of high-quality residential property in the German-speaking
region of Europe, today is celebrating the topping-out ceremony for the
second stage of its 'H36' residential development project at Harvestehuder
Weg 36 in Hamburg. Work is progressing as planned. Attending the ceremony
are Hamburg's Chief Planning Officer, Prof. Jörn Walter; Bernd Hasse,
Managing Director of Peach Property Group (Deutschland) AG; and Jürgen
Göttsch representing the development's architects, czerner göttsch
architekten GmbH.
'The fact that residential construction work is again taking place in the
loveliest parts of the city is good for Hamburg and an indication of the
attraction it provides,' observes the city's Chief Planning Officer, Prof.
Jörn Walter. 'The design by czerner göttsch architekten, realised by Peach
Property Group on Harvestehuder Weg, is another prime example of quality
architecture in a prominent site.'
Development expected to sell out in 2013
The 'H36' development comprises two parts at Harvestehuder Weg 36 and at
Alsterkamp 43. The first stage of construction at Alsterkamp 43 has been
completed and 12 of the 13 apartments have been sold. Peach Property Group
reports that sales of the 44 apartments on Harvestehuder Weg, for which the
cornerstone was laid just last May, are on track. The company is expecting
the 'H36' project to net a sales volume in the region of CHF 103 million
(EUR 85 million), with a capital return of around CHF 41 million (EUR 33
million).
Exclusive residences on the banks of the Outer Alster
Emerging at Hamburg's best address are five villas housing a total of 57
exclusive private apartments: architecturally, 'H36' is an elegant
interpretation of the classic white Alster villa. The location nestles in a
unique park landscape and is a source of fascination thanks to its
incomparable setting on the banks of the Outer Alster in a traditional
Hamburg villa environment.
The apartments, several of which are penthouses, range in size from 65 to
320 m2 and feature between three and six rooms. Sales prices start out at
around EUR 7400 per m2.
Alongside attractive living rooms boasting ceilings ranging from three to
four metres in height, high-quality interior fittings, and generously
proportioned glazing offering views of the Alster or of the unique park
landscape, the new occupants benefit from amenities such as a private gym
and spa facility approximately 235 m2 in size, plus 121 parking spaces in
the underground garage.
'We are delighted at the response our 'H36' project in Hamburg has been
receiving,' comments Bernd Hasse, CEO of Peach Property Group (Deutschland)
AG. 'By acquiring properties that meet the highest standards of quality and
character, the new owners are sure to see the value of their investment
maintained over the long term with excellent returns.'
In addition to 'H36', Peach Property Group is currently working on a number
of developments in Berlin ('yoo berlin', 'Living 108'), as well as in
Wädenswil near Zurich ('Peninsula Beach House'). The topping-out ceremony
for 'yoo berlin' was held in November 2012. The group's biggest development
at this moment in time is the 30,000 m2 'Peninsula' on the shores of Lake
Zurich in Switzerland. Civil engineering work for the project's 'Peninsula
Beach House' has been completed recently.
For more information on the project:
www.harvestehuderweg36.de
Photos:
http://www.peachproperty.com/wp-content/uploads/2013/02/H36-Fassade-3-40-c
m.jpg
http://www.peachproperty.com/wp-content/uploads/2013/02/H36_Aussenansicht.
jpg.jpg
http://www.peachproperty.com/wp-content/uploads/2013/02/H36_Innenansicht.j
pg.jpg
Contacts:
Harvestehuder Weg 36
Koopmann.kommunikation | Hans Peter Koopmann
+49 (0)171 45 77 889 | post(at)koopmannkommunikation.de
Peach Property Group AG
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00 | investors(at)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 and featuring 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 the SIX Swiss
Exchange (PEAN, ISIN CH0118530366).
Visit www.peachproperty.com for more information.
End of Corporate News
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26.02.2013 This press release was distributed by EQS CORPORATE
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www.eqs.com - news archive: www.eqs.com/ch/presskit
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(at)peachproperty.com
Internet: www.peachproperty.com
ISIN: CH0118530366
Swiss Security Number: A1C8PJ
Listed: Freiverkehr in Berlin, Stuttgart; Frankfurt
in Open Market ; SIX
End of News EquityStory AG News-Service
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202260 26.02.2013
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Datum: 26.02.2013 - 07:04 Uhr
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