DGAP-News: First residential building project of Swiss Peach Property Group in Berlin successfully completed
(firmenpresse) - EquityStory AG-News: Peach Property Group AG / Key word(s):
Disposal/Real Estate
First residential building project of Swiss Peach Property Group in
Berlin successfully completed
25.08.2011 / 07:07
---------------------------------------------------------------------
Media release
Berlin: first residential building project of Swiss Peach Property Group in
Germany successfully completed?All 76 flats by Living 106 sold to private owners?Completed on time and within budget
Berlin, 25 August 2011 - All of the 76 flats of the project Living 106 on
Chausseestrasse 106 in Berlin - all in the upper price segment - have now
been sold. In February 2011, Peach Property Group announced the completion,
on time and within budget, of Living 106 with a total surface area of 5,300
square metres. The marketing rate for the flats, a portion of which were
offered as managed furnished flats, was already over 90% at this time. The
topping-out ceremony for the development project, with two extensively
renovated existing buildings and two new buildings, took place in autumn
2009. With this, Peach Property Group, a leading developer of top-quality
residential property in German-speaking Europe, has successfully completed
its first development project in Germany and registered all the flats. With
the completion of the project, a total return flow of equity capital of
approximately EUR 7.5 million comes to the enterprise, of which about EUR
2.5 million are apportioned to 2010 and about EUR 5 million to 2011.
Dr. Thomas Wolfensberger, CEO of Peach Property Group Ltd, commented: 'With
this outstanding completion of our first Berlin residential building
project we have achieved another milestone in the German market. Also with
our second project in the capital, yoo berlin, we are right on schedule
with the initiated construction and with the attainment of our intended
pre-distribution quota.'
Alongside the 22 condominiums and lofts with a surface area of up to 350
square metres, 54 'serviced apartments' with up to 66 square metres were
also created on Chausseestrasse 106, as completely furnished modern flats.
All the inhabitants have access to the building's own day spa with sauna
and fitness area as well as an underground car park. Bernd Hasse, Managing
Director of Peach Property Group in Germany, stated: 'The mixture of
owner-occupiers and their identification with the area, together with the
short-term tenants who are fascinated with Berlin, is what gives the
building its charm. Living 106 represents a harmonious building ensemble
with old and new buildings as well as an urban mixed form of living. In
this, we have shown that the concept with individually owned furnished
flats is excellently suited to the selected location.'
Contact for investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00 | investors(at)peachestates.com
Living 106 press contact:
Hans Peter Koopmann, Koopmann.kommunikation
+49 171 45 77 889 | post(at)koopmannkommunikation.de
Peach Property Group Ltd press contact:
Barino Consulting | Siro Barino
+41 79 335 24 24 | info(at)barino.ch
Information on Peach Property Group Ltd
Peach Property Group Ltd is one of the leading developers in the area of
top-quality residential property in the German-speaking part of Europe.
Activities cover the entire value chain of property development, from site
surveying to project planning, implementation and marketing. Properties
developed by Peach Property Group Ltd are located on exceptional sites in
or near city centres and holiday resorts. Premier amenities meet the
requirements of a demanding clientele.
Peach Property Group Ltd currently employs 34 real-estate and finance
specialists at its Zurich head office and at its Cologne branch. The Group
plans and is currently implementing 14 projects with total target marketing
volume of approximately CHF 800 million. Peach Property Group Ltd has been
listed on the SIX Swiss Exchange since 12 November 2010 (PEAN, ISIN
CH0118530366).
For further information, please visit www.peachestates.com
End of Corporate News
---------------------------------------------------------------------
25.08.2011 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
http://www.equitystory.ch/nachrichten
---------------------------------------------------------------------
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)peachestates.com
Internet: www.peachestates.com
ISIN: CH0118530366
Swiss Security Number: A1C8PJ
Listed: Regulierter Markt in SIX; Freiverkehr in
Berlin, Stuttgart; Open Market in Frankfurt
End of News EquityStory AG News-Service
---------------------------------------------------------------------
136846 25.08.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2011 - 07:07 Uhr
Sprache: Deutsch
News-ID 59058
Anzahl Zeichen: 10072
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 230 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: First residential building project of Swiss Peach Property Group in Berlin successfully completed"
steht unter der journalistisch-redaktionellen Verantwortung von
Peach Property Group AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
