DGAP-News: Peach Property Group AG announces topping-out ceremony on Hamburg's Aussenalster
(firmenpresse) - EquityStory AG-News: Peach Property Group AG / Key word(s): Real
Estate
Peach Property Group AG announces topping-out ceremony on Hamburg's
Aussenalster
27.09.2011 / 07:16
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Media release
Topping-out ceremony on the Aussenalster:
some of the five new villas with 63 luxury freehold apartments at
Harvestehuder Weg 36 have been built
Zurich, Switzerland/Hamburg, Germany, 27 September 2011 - Only a few months
after laying the foundation, the topping-out ceremony at Harvestehuder Weg
36 is being held today. At this unique location, directly on Hamburg's
Aussenalster Lake, the Swiss Peach Property Group Ltd is developing a total
of 63 luxury freehold apartments in the upper price range in two building
stages. The first villas are scheduled for completion in the spring of
2012.
The site comprises two developments, at Harvestehuder Weg 36 and Alsterkamp
43. Its attraction lies in its unrivalled position on the Aussenalster
Lake, in a district of traditional Hamburg villas. There will be a total of
63 apartments, housed in five newly built villas. Sizes range from 80 to
280 square metres. The architecture at Harvestehuder Weg 36 uses unadorned
lines, big expanses of glass and gradated terraces, in a reinterpretation
of the classic white Alster villa model. The five buildings have been named
after traditional ships of the Hamburg shipping company Hapag - Arcadia,
Belgravia, Columbia, Hammonia and Rhaetia.
'With the special location and the quality we offer, we are meeting an
obvious demand,' states Dr. Thomas Wolfensberger, CEO of Peach Property
Group Ltd. 'More than 70% of the apartments at Alsterkamp have already been
sold, and the second building stage will commence this year.'
The amenities for the new inhabitants include a dedicated fitness area with
spa, and underground parking for 125 cars, in some cases with direct access
to the apartments by lift. The ceiling heights are 3 metres, rising to
approximately 3.2 metres for the ground floors. Two tower rooms even have
room heights reaching 4 metres. The apartments' sales prices start at EUR
7,500 per square metre. One of the largest penthouses of Harvestehuder Weg
36 - with a surface area of 340 square metres - has already been sold. All
in all, Peach Property Group is expecting a sales volume of EUR 85 million
from Harvestehuder Weg 36.
'The concept is authentic, emotional and oriented towards the future,' says
architect Jürgen Göttsch, who, together with Alexandra Czerner, was
responsible for drawing up the plans. Alexandra Czerner adds, 'Through the
buildings' construction we have formed individual, urban rooms of the
highest quality which convey an open and communicative attitude towards
life. The architecture of the building ensemble radiates serenity and
beauty. Each villa is an original.'
An independent study ranks Peach Property Group as Germany's second-largest
developer of luxury properties. This year, the foundations for its 'yoo
berlin' project will be laid, a luxury residence at a unique location
directly on the River Spree in Berlin Mitte. Here, together with the
designer Philippe Starck, Peach Property Group is developing a total of 87
freehold apartments with penthouses, townhouses and suites. Another
development is 'Living 106', near the new headquarters of the German
Federal Intelligence Service (BND), on Berlin's Chausseestrasse, where,
following its completion, all 76 apartments in the upper price range have
been sold. The Group's largest project at present is the 'Peninsula', a
site covering 30,000 square metres on the shore of Lake Zurich.
Further information at:
Harvestehuder Weg 36 www.harvestehuderweg36.de
Harvestehuder Weg 36 press contact:
Koopmann.kommunikation | Hans Peter Koopmann
Tel.: +49 171 45 77 889 | post(at)koopmannkommunikation.de
Peach Property Group Ltd press contact:
Barino Consulting | Siro Barino
Tel.: +41 79 335 24 24 | info(at)barino.ch
Other Peach projects
Switzerland:
Peninsula www.waedenswil-peninsula.ch
Peninsula Beach House www.beach-house.ch
Germany:
yoo inspired by Starck, Berlin www.yooberlin.com
Austria:
Schooren des Alpes www.elevated-living.at
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 has planned and is currently
implementing 14 projects with a 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
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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)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
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140386 27.09.2011
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Datum: 27.09.2011 - 07:16 Uhr
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News-ID 69475
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