EQS-News

Peach Property Group reports progress at its Wollerau project near Zurich: 45% of apartments sold and start of construction - Seite 2

agreement with a leading Swiss construction company was signed, which
ensures certainty in terms of planning, execution and costs for this
project.

Dr. Thomas Wolfensberger, CEO of Peach Property Group AG, said: "We are
very pleased about the progress made with our project in Wollerau, which we
expect to generate a substantial payback. With construction having
commenced now, we are well on track."

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


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Additional features:

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

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31.05.2016 This Corporate News was distributed by Tensid EQS AG. www.eqs.com

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: Regulated Unofficial Market in Berlin, Stuttgart; Open
Market in Frankfurt ; SIX


End of News EQS Group News Service
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467617 31.05.2016