Corporate | 26 February 2013 07:04
|
Peach Property Group AG / Key word(s): Real Estate
Press release
– Important project from an architectural and urban development perspective progressing to plan in Hamburg – 57 exclusive apartments on the banks of the Outer Alster – First construction tranche almost sold out; around 60% of second tranche notarised or reserved – Completion in late summer 2013; conclusion of sales also envisaged in 2013 – Volume of sales expected to be in the region of CHF 103 million (EUR 85 million) with a capital return of around CHF 41 million (EUR 33 million)
Zurich/Hamburg, 26 February 2013 – Peach Property Group AG, a leading developer of high-quality residential property in the German-speaking region of Europe, today is celebrating the topping-out ceremony for the second stage of its ‘H36’ residential development project at Harvestehuder Weg 36 in Hamburg. Work is progressing as planned. Attending the ceremony are Hamburg’s Chief Planning Officer, Prof. Jörn Walter; Bernd Hasse, Managing Director of Peach Property Group (Deutschland) AG; and Jürgen Göttsch representing the development’s architects, czerner göttsch architekten GmbH.
Development expected to sell out in 2013
Exclusive residences on the banks of the Outer Alster
The apartments, several of which are penthouses, range in size from 65 to 320 m
2
and feature between three and six rooms. Sales prices start out at around EUR 7400
Alongside attractive living rooms boasting ceilings ranging from three to four metres in height, high-quality interior fittings, and generously proportioned glazing offering views of the Alster or of the unique park landscape, the new occupants benefit from amenities such as a private gym and spa facility approximately 235 m 2 in size, plus 121 parking spaces in the underground garage. ‘We are delighted at the response our ‘H36′ project in Hamburg has been receiving,’ comments Bernd Hasse, CEO of Peach Property Group (Deutschland) AG. ‘By acquiring properties that meet the highest standards of quality and character, the new owners are sure to see the value of their investment maintained over the long term with excellent returns.’ In addition to ‘H36’, Peach Property Group is currently working on a number of developments in Berlin (‘yoo berlin’, ‘Living 108’), as well as in Wädenswil near Zurich (‘Peninsula Beach House’). The topping-out ceremony for ‘yoo berlin’ was held in November 2012. The group’s biggest development at this moment in time is the 30,000 m 2 ‘Peninsula’ on the shores of Lake Zurich in Switzerland. Civil engineering work for the project’s ‘Peninsula Beach House’ has been completed recently.
For more information on the project
:
Photos:
Contacts:
Peach Property Group AG
Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366). Visit www.peachproperty.com for more information. End of Corporate News 26.02.2013 This press release was distributed by EQS CORPORATE COMMUNICATIONS. www.eqs.com – news archive: www.eqs.com/ch/presskit The issuer is responsible for the contents of the release. |
| 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@peachproperty.com | |
| Internet: | www.peachproperty.com | |
| ISIN: | CH0118530366 | |
| Swiss Security Number: | A1C8PJ | |
| Listed: | Freiverkehr in Berlin, Stuttgart; Frankfurt in Open Market ; SIX | |
| End of News | EquityStory AG News-Service |
|
|
| 202260 26.02.2013 |