DGAP-Adhoc

Peach Property Group AG with significant profit growth in the first half-year 2014 - Seite 3

investment properties and reducing liabilities. The Group also investigates
opportunities for development projects. In July 2014 Peach Property Group
was chosen as buyer of a hotel in southern Germany near Salzburg and plans
to convert this property into an apartment building. The purchase price was
slightly below CHF 1 Mio.

Thomas Wolfensberger, CEO of Peach Property Group AG, states: "In the first
six months of 2014, we made excellent progress despite additional
impairment losses resulting from general contractor insolvencies. The major
projects in Berlin and Hamburg are close to being finished. We also hit key
milestones when Roland Berger Strategy Consultants moved into their space,
the "Leonardo Berlin Mitte" hotel opened, and the first apartments were
handed over to their owners. At the same time, we achieved operational
progress on our investment property portfolio. This is reflected in a
substantial increase in the value of the portfolio and the further increase
in rental income. With the flow back of funds from our projects in Berlin
and Hamburg we will reduce liabilities and further invest in our investment
portfolio."

The 2014 Half-yearly Report (German only) is available on the company's
website by clicking the following link:
http://www.peachproperty.com/HJB2014

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 AG is a property investor and developer focused on
investments in Switzerland and Germany. The portfolio includes an
increasing number of investment properties that are designed to generate
sustained income as well as attractive residential development properties.
The Group's activities cover the entire value chain, from site evaluation
to project planning, implementation and marketing. In the investment
segment, the Group is focused on properties with a potential for achieving
attractive yields based on active asset management - typically secondary
locations in the catchment area of urban agglomerations. In the development
segment, the Group concentrates on exceptional locations and properties
with high-end specifications and amenities that meet the requirements of a
demanding clientele.

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



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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=QSUSDXBQUH
Document title: Press release


21.08.2014 News transmitted by EQS Schweiz AG.
The issuer is responsible for the contents of the release.

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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: Freiverkehr in Berlin, Stuttgart; Frankfurt in Open
Market ; SIX

End of Announcement EQS Group News-Service

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