Peach Property Group AG
Peach Property Group announces launch of “Harvestehuder Weg 36” project in Hamburg
Peach Property Group announces launch of “Harvestehuder Weg 36” project in Hamburg. A total of 63 luxury freehold apartments will be ready at Hamburg’s premier address from spring 2012.
Zurich, Switzerland/Hamburg, Germany, 8 March 2011 – Peach Property Group Ltd, a leading developer of luxury freehold residential property in German-speaking Europe, has announced the launch of its “Harvestehuder Weg 36” project. A total of 63 luxury freehold apartments will be built in a unique waterfront location on Hamburg’s Aussenalster Lake. The homes, in the upper price range, will be developed in two building stages, at Harvestehuder Weg 36 and Alsterkamp 43. Well-known Hamburg estate agents Engel & Völkers and Meissler & Co. have been commissioned to assist with the sales. Both companies are leading in arranging sales of top-quality residential properties. The first apartments are scheduled for completion in spring 2012.
“We are most satisfied with the resonance achieved by our exclusive offer on the Aussenalster,” reports Andreas Steinbauer, Sales Director at Peach Property Group Ltd. “Since only the beginning of this year, we have increased the proportion sold from 25% to 34%. Half of the exclusive freehold properties in the two villas on the Alsterkamp – the first stage of the work – have already been sold. This means building can commence here immediately.”
The site comprises two developments, at Harvestehuder Weg 36 and Alsterkamp 43. Its attraction lies in its unrivalled position on the Aussenalster, in a district of traditional Hamburg villas. There will be a total of 63 apartments, housed in five newly built villas. Sizes range from 80 to 280 square metres. The amenities include a dedicated fitness area with spa, and underground parking for 145 cars, in some cases with direct access to the apartments by lift. The architecture at Harvestehuder Weg 36 uses unadorned lines, big expanses of glass and gradated terraces, in a reinterpretation of the classic white Alster villa model. All ceiling heights are 3 metres, rising to 3.2 metres on the ground floors.
An independent study ranks Peach Property Group Ltd as Germany’s second-largest developer of luxury properties. In spring 2011, the foundations for its “yoo inspired by Starck” project will be laid. “yoo berlin”, a luxury waterfront residence comprising 87 dwellings, lies on the River Spree in Berlin Mitte. Another development is “Living 106”, near the new headquarters of the German Federal Intelligence Service (BND), on Berlin’s Chausseestrasse. Only a handful of the 76 exclusive apartments remain available. The Group’s largest project at present is the “Peninsula Beach House”, a site covering 30,000 square metres on the shore of Lake Zurich.