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Peach Property Group AG celebrates topping-out ceremony for residential project Living 108 in Berlin's Mitte district

EQS Group-News: Peach Property Group AG / Key word(s): Real Estate
Peach Property Group AG celebrates topping-out ceremony for
residential project Living 108 in Berlin's Mitte district

04.09.2014 / 18:00

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Press release

Peach Property Group AG celebrates topping-out ceremony for residential
project Living 108 in Berlin's Mitte district

- Build progressing according to plan; construction of 128 high-quality
owner-occupied flats, spacious penthouses and urban apartments not far
from new BND building enters its final phase

- Sales volumes of EUR 36 million (CHF 44 million) expected, of which 85%
already notarised

- Completion projected for spring 2015

Berlin/Zurich, 4 September 2014 - Peach Property Group AG, a leading
property investor and developer of high-end residential and commercial real
estate, today celebrated the topping-out ceremony for its residential
project Living 108 on Chausseestraße, in Berlin's Mitte district.
Construction is proceeding quickly and according to plan. At the same time,
Peach Property Group AG has also been successful in marketing the
exclusive, owner-occupied flats, reporting high demand: More than 85
percent of the expected sales volume of EUR 36 million (CHF 44 million) has
already been notarised.

Living 108, a continuation of the completed neighbouring project Living
106, is being built in immediate proximity to the new Federal Intelligence
Service (Bundesnachrichtendienst - BND) building. This is Peach Property
Group's fourth Berlin project. The apartments are expected to be handed
over to their new owners in spring 2015. Living 108 is a collection of 128
high-quality, owner-occupied flats and three commercial units with a total
saleable area of 7,569 m². Potsdam-based agency Axthelm Architekten is
responsible for the design.

"The consistently high level of buyer interest since the project launch and
the quick progression of the build have turned Living 108 into a huge
success for us," stresses Bernd Hasse, Managing Director of Peach Property
Group (Deutschland) AG, "and it shows, as with our neighbouring project
Living 106, how positively our Living concept for modern, quality city
apartments is being received. We are also planning on developing further
Living projects in the future." As it stands, only 12 apartments are left
for sale. Apart from owner-occupied apartments and penthouses with roof
terraces, there is a strong demand for urban living suites - a popular