Peach Property Group strengthens management team in Germany: Thomas Kaune named new Technical Director

Press release

Peach Property Group strengthens management team in Germany: Thomas Kaune named new Technical Director

Zurich, 18 September 2012 - Peach Property Group AG, a leading developer of top-quality residential property in the German-speaking region of Europe, is strengthening its management team in Germany in a bid to drive further growth. Thomas Kaune (53) has been named as the new Technical Director in Germany. In this role he will have a seat on the management board of Peach Property Group (Deutschland) GmbH.

Thomas Kaune has many years of experience in the management of high-end property development projects. He succeeds Ralf Vorrink at Peach Property Group. Over the past 23 years Thomas Kaune has held managerial positions with a number of prominent architecture and development companies. Since 2000 he has focused on the areas of technical, project and portfolio management. He has overseen the construction of numerous major residential and commercial developments in Germany: during his time at Viterra Development GmbH, for instance, he realised the Zollernhof in Berlin, which is located on the boulevard 'Unter den Linden' and houses the main studios of public-service German television broadcaster ZDF. Thomas Kaune studied architecture and holds a degree in engineering.

Bernd Hasse, Managing Director of Peach Property Group (Deutschland) GmbH: 'I would like to thank Ralf Vorrink for the tremendous dedication he has shown to Peach Property Group. The technical know-how he brought to his role made a considerable contribution to the successful delivery of our flagship projects in Hamburg and Berlin. At the same time, I am delighted to welcome Thomas Kaune who, too, brings with him a wealth of technical and managerial expertise in the implementation of ambitious property development projects such as ours. As Technical Director, he will be assuming an important role in achieving our growth targets in Germany.'

Peach Property Group develops and markets attractive residential property projects with strong brands in the luxury segment, and is also establishing a high-yielding portfolio of investment properties.

Photo Thomas Kaune:
http://www.peachestates.com/wp-content/uploads/2012/09/Thomas-Kaune.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. Peach Property Group focuses on city and holiday residences in exceptional locations and featuring highest-quality fittings for a discerning clientele. The company's integrated corporate strategy encompasses 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. The Group's current projects account for a total target marketing volume of approximately CHF 800 million. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachestates.com for more information.