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Peach Property Group and NOVUM Hotel Group conclude 20-year lease agreement: former Hoesch headquarters in Dortmund will be transformed into a 4-star hotel with 210 rooms - Seite 2

The property enjoys a central location at Rheinische Straße 173 to the west
of Dortmund's city centre, and was built between 1916 and 1921. The listed
building has neoclassical architecture and a total rental area of around
17,200 m2 (gross floor space) and is close to the "U" cultural centre in
the up-and-coming Unionviertel in Dortmund. This district will be
extensively redeveloped in the coming years.

Dr. Thomas Wolfensberger, Peach Property Group's CEO, commented: "We are
very pleased that we have been able to acquire a top-class, financially
strong tenant for this historic property in the form of the NOVUM Hotel
Group. We have once again proven our ability to manage complex real estate
projects. We are now entering into the next stage of realisation by
concluding this lease and to further developing the property."

David Etmenan, managing partner with NOVUM Hotel Group added: "We are very
pleased that we are expanding our portfolio of hotels by adding this very
special project, and that we will be able to offer our guests an exclusive
4-star NOVUM Select Hotel in Dortmund after its completion."

Contacts:

Media, investors and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher,
Chief Financial Officer

[phone] | [e-mail]


Media Germany

edicto GmbH, Axel Mühlhaus, Peggy Kropmanns

[phone] | [e-mail]

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).

For more information, see www.peachproperty.com

About NOVUM Hotel Group

The family-run NOVUM Hotel Group ranks among Germany's largest hotel groups
with a current total of 84 hotels and 8,000 rooms in 26 locations in
Europe. NOVUM Hotel Group was formed in 1988 and has enjoyed solid on-track
growth since 1988. It is an extraordinarily dynamic group managed by David
Etmenan.

Its portfolio includes 3 and 4-star hotels, always in central locations,
and these are run under the NOVUM Hotels, NOVUM Select, NOVUM Style and
NOVUM LikeApart brands.

Contact:

Jasmin-Madeleine Christensen-Matassa
PR Manager
NOVUM Group
Lange Reihe 2
20099 Hamburg
T +49 40/ 600 808 - 264
E-mail: [e-mail]
URL: www.novumgroup.de


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Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=NJPVDCEVEX
Document title: Press Release

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12.07.2016 This Corporate News was distributed by Tensid EQS AG. www.eqs.com

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Language: English
Company: Peach Property Group AG
Seestrasse 346
8038 Zürich
Switzerland
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.peachproperty.com
ISIN: CH0118530366
Valor: A1C8PJ
Listed: Regulated Unofficial Market in Berlin, Stuttgart; Open
Market in Frankfurt ; SIX


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480883 12.07.2016