DGAP-Adhoc

Peach Property Group AG expands portfolio; target rental income to exceed CHF 10 million p.a. - Seite 2

within a park-like development. The purchase agreement was notarised at the
beginning of 2013. Planning permission for the development was granted
shortly before the transfer of ownership took place. Further details will
be provided at the marketing launch in a few weeks' time.

The acquisition strategy for the 80-room hotel in Bad Reichenhall
encompasses the refurbishment into a 60 room apart-hotel and the subsequent
individual sale. However, due to the good condition of the hotel and
several requests from potential operator, the Company is also considering
continuing to operate it as a hotel.

In Rorschach on Lake Constance in Switzerland, Peach has finally completed
the purchase of four loft apartments for development. The apartments will
be marketed by Peach Property Group as "Seelofts Rorschach".

Thomas Wolfensberger, CEO of Peach Property Group, commented: "We are very
pleased to have made further progress in expanding our investment
portfolio. These acquisitions will increase both the size of our
residential property portfolio as well as the share of investment property
within our overall portfolio. As a result, we will increase our regular
rental income and further stabilise our revenues in line with our strategy.
The transaction will also allow us to increase our equity ratio."

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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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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