Zurich, 4 October 2012 – Peach Property Group AG, a leading developer of top-quality residential properties in the German-speaking region of Europe, plans to realise via the company’s subsidiary, Peach Property Group Deutschland, its latest project under the name of “Living 108” in Berlin-Mitte. An ensemble of close to 100 top-quality condominiums, with a collective living space of 7.500 m² and an additional commercial unit, will be constructed on a newly acquired plot comprising a total of 2,660 m² at Chausseestrasse 108/109. With “Living 108”, Peach Property Group is building on the successful branding of the neighbouring project “Living 106”. “Living” in this regard stands for an upscale, urbane lifestyle: modern architecture, amenities such as fitness areas and personal services, as well as outstanding value for money are the distinguishing marks of this concept.

Exclusive comfort and attractive location in the heart of the capital city

Plans are for “Living 108” to comprise a mix of different types of dwelling suited to the specific buyer segments: condominiums, generously proportioned penthouses with rooftop terraces, as well as urbane apartments for which a range of furnishing options and additional services that are highly popular amongst international buyers are foreseen. The residents will have a community space at their disposal, as well as a subterranean garage with 55 parking spaces. Sales activities are scheduled to officially start in early 2013, and construction should get under way in the summer of 2013.

“Living 108” will be realised on an attractive site in the proximity of the pulsating Friedrichstrasse. The central location of Chausseestrasse and the convenient access to public transportation nestle this property ideally in the midst of city life. Berlin’s main railway station is a ten-minute walk away, and the underground station “Naturkundemuseum” is right before the door. The new complex of the Federal Intelligence Service, at present one of the largest public construction projects in Germany, is just a few steps away and is nearing completion. In the immediate neighbourhood, Peach Property Group already successfully concluded in 2011 its “Living 106” project (73 condominiums and a commercial unit) with the sale of all units.

Fourth project of Peach Property Group in Berlin-Mitte

“I am very pleased that, following our successful completion of “Living 106” and in parallel with our major projects ‘yoo berlin’ and ‘Am Zirkus 1’, we can now already look forward to our fourth project in Berlin,” commented Bernd Hasse, CEO of Peach Property Group (Deutschland) GmbH. “With the unsurpassed living quality, exclusive location in the creative centre of Berlin-Mitte, as well as the value-appreciation potential for buyers, ‘Living 108’ fits perfectly into our strategy.”

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.

Contacts

For investors and analysts:

Dr. Thomas Wolfensberger, Chief Executive Officer Peach Property Group AG Bruno Birrer, Chief Operating Officer Peach Property Group AG +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 SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachestates.com for more information.

Download Press Release PDF