EQS-Adhoc

Peach Property Group resolves capital increase; Kreissparkasse Biberach becomes new anchor investor with 7.8% shares - Seite 2

Kreissparkasse Biberach will acquire an interest of 7.8% in Peach Property Group AG and thus become the company's second largest shareholder after its CEO Dr. Thomas Wolfensberger. Kreissparkasse Biberach plans to hold a long-term interest in Peach Property Group AG as part of its investment strategy.

This placement increases Peach Property Group AG's share capital from CHF 4,991,923 to CHF 5,414,477. This corresponds to an increase in the previous share capital of around 8.5%. The first day of trading of new shares on SIX Swiss Exchange is 7 April 2017.

Dr. Thomas Wolfsberger, Peach Property Group's CEO, commented: "Acquiring Kreissparkasse Biberach as an anchor investor is a key milestone for our company, and we are very proud of this. This investment anchors our company even more strongly in the institutional investor segment, and highlights our profile as a residential property owner. We will use the funds accruing to our company from this transaction to acquire residential properties in Germany and to thus accelerate our further growth."

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.