Peach Property Group has notarised 13 of the 23 condominiums in its Peninsula Beach House development in Wädenswil

Peach Property Group AG   / Key word(s): Real Estate/Disposal

09.05.2012 07:02

Release of an ad hoc announcement pursuant to Art. 53 KR
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Media release

Peach Property Group has notarised 13 of the 23 condominiums in its
Peninsula Beach House development in Wädenswil

Zurich, 9 May 2012 - Peach Property Group AG, a leading developer of
high-value residential property in German-speaking Europe, has published
sales figures as work begins on its Peninsula Beach House development: to
date, 13 of the 23 high-quality dwellings have been notarised. This
corresponds to 41% of the planned sales volume.

Peach Property Group CEO Thomas Wolfensberger: 'The fact that the
notarisation of condominiums in the Peninsula Beach House has accelerated
in the last few weeks confirms the appeal of these exclusive dwellings. The
construction plan foresees residents being able to move into their
exceptional lakeside residences in 2014.'

Benefiting from a saleable floor area amounting to 4745 m2, the Peninsula
Beach House will be offering its owners a unique quality of life complete
with direct access to, and breathtaking views of, Lake Zurich. With floor
areas of between 130 and 290 m2 , the condominiums nestle harmoniously in a
park setting designed by landscape architect Enzo Enea and come with a
price tag starting at CHF 2.2 million. The Peninsula Beach House
development also comprises a private gym and wellness facility containing a
spa, an indoor squash/exercise hall, indoor golf, an aerobics room, a 20 m
indoor pool and a relaxation tub. The development is being built to Swiss
Minergie(R) standards and incorporates the latest sustainable energy
systems, including heat-exchange technologies for exploiting the latent
heat of the lake water.

The construction plan foresees occupancy of the units in the spring of
2014. Anchor and tensile trialling work is currently underway on the
challenging lakeside terrain. The complex excavation work is scheduled to
begin in June. Superstructure work is due to start early in 2013.

The Peninsula Beach House represents the first construction phase of the
overall Peninsula development planned for Wädenswil's historically
significant Giessen industrial estate, which occupies a 30,000m2 peninsula
on Lake Zurich. Peach Property Group is breathing new life into the former
private site and complementing what, in part, are heritage-protected
buildings through the addition of new residential units possessing
architectural and aesthetic merit. The peninsula is being submitted to a
thoroughgoing upgrade complete with car-free park, a network of paths and
public spaces.

Press pictures

www.peachestates.com/wp-content/uploads/2012/04/PBH-Aussen-Presse.jpg
www.peachestates.com/wp-content/uploads/2012/04/PBH-San-Simeon.jpg
www.peachestates.com/wp-content/uploads/2012/04/PBH-Wellness.jpg

Contacts

Investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00 
investors@peachestates.com

Media:
Siro Barino, Barino Consulting
+41 79 335 24 24
info@barino.ch

About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality
residential property in the German-speaking region of Europe. Its
activities cover the entire prime property development value chain, from
site evaluation to project planning, implementation and marketing.
Properties developed by Peach Property Group AG are located on exceptional
sites in or near city centres and holiday resorts. Premier amenities meet
the requirements of a demanding clientele. The company's integrated
corporate strategy includes not only the development of high-quality
residential properties, but also the management of investment properties
for the purpose of generating consistent annual revenues.
 
Peach Property Group AG is headquartered in Zurich and also has a branch
office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange
(PEAN, ISIN CH0118530366).
 
Visit www.peachestates.com for more information.


09.05.2012 News transmitted by EquityStory AG. 
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Language:               English
Company:                Peach Property Group AG 
                        Seestrasse 346  
                        8038 Zürich
                        Switzerland
Phone:                  +41 44 485 50 00
Fax:                    +41 44 485 50 11
E-mail:                 investors@peachestates.com
Internet:               www.peachestates.com
ISIN:                   CH0118530366
Swiss Security Number:  A1C8PJ
Listed:                 Freiverkehr in Berlin, Stuttgart; Open Market in
                        Frankfurt; SIX
 
End of Announcement                             EquityStory News-Service
 
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