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Peach Property Group AG (PEAN.S)

PEAN.S on Swiss Exchange

17.40CHF
24 Mar 2017
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CHF0.10 (+0.58%)
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Latest Key Developments (Source: Significant Developments)

Peach Property FY rental income up at CHF 9.2 mln
Tuesday, 21 Mar 2017 02:00am EDT 

Peach Property Group AG : FY earnings before taxes were also significantly higher than in previous year (3.3 million Swiss francs) at 15.5 million Swiss francs ($15.53 million) . FY earnings after taxes vastly improved to 10.4 million francs after 1.2 million francs in previous year . Expansion to continue in 2017 . FY rental income up by over 7% to 9.2 million Swiss francs .Peach property group has confirmed positive outlook for 2017 and is expecting its profitable growth to continue in current financial year..  Full Article

Peach Property Group acquires 1,114 apartments in North Rhine-Westphalia
Wednesday, 15 Mar 2017 02:00am EDT 

Peach Property Group AG : Acquires 1,114 apartments in North Rhine-Westphalia - consolidated target rent increases by 35 percent to 22 million Swiss francs ($21.80 million) p.a. . Target rental income of 5.7 million Swiss francs p.a. . Purchase agreement for a residential portfolio with approx. 73,000 m^2 of residential space in Oberhausen and Duisburg certified, rentable residential space increases to more than 283,500 m^2 .Properties are being sold by a major German real estate company; it has been agreed not to disclose purchase price.  Full Article

Peach Property Group H1 profit after tax up 6 pct at CHF 3.6 million
Wednesday, 24 Aug 2016 01:00am EDT 

Peach Property Group AG : H1 profit after tax up 6 percent to 3.6 million Swiss francs ($3.74 million); profit before tax of 7.7 million francs (plus 65 percent) . H1 rental income up 5 percent to 4.4 million francs .Positive business performance expected to continue in 2016.  Full Article

Peach Property Group acquires portfolio in Kaiserslautern
Monday, 22 Aug 2016 01:00am EDT 

Peach Property Group AG : Peach Property Group acquires portfolio in Kaiserslautern - residential portfolio increases by 40% to 3,150 units, annual target rent reaches 16.2 million Swiss francs ($16.81 million) . Closing of transaction expected in Q4 2016 .Both parties agreed not to disclose purchase price.  Full Article

Peach Property Group and Novum hotel group conclude 20-year lease agreement
Tuesday, 12 Jul 2016 01:02am EDT 

Peach Property Group AG : Peach Property Group and Novum hotel group conclude 20-year lease agreement: former Hoesch headquarters in Dortmund will be transformed into a 4-star hotel with 210 rooms .Peach Property Group is forecasting total annual rental income of around 1.5 million euros ($1.66 million)for a fully let property.  Full Article

Peach Property Group repays 50 million euros bond
Friday, 1 Jul 2016 12:00pm EDT 

Peach Property Group AG : Peach Property Group repays 50 million euros ($55.71 million)bond .Final amount outstanding of 46.7 million euros was repaid from cash flow from operating activities.  Full Article

Peach Property says cash return of CHF 30 million expected upon Wollerau project completion
Tuesday, 31 May 2016 01:00am EDT 

Peach Property Group AG : Reports progress at its Wollerau project near Zurich: 45 pct of apartments sold and start of construction . By beginning of 2018, 46 apartments and 10 commercial units with a sales volume of 87 million Swiss francs ($87.67 million) will be built . More than 45 percent of "Wollerau Park" project notarised or reserved, clearly exceeding pre-sales rate .Cash return of 30 million Swiss francs expected upon project completion.  Full Article

Peach Property Group tops up hybrid bond to a total of CHF 37.5 mln
Thursday, 7 Apr 2016 01:00am EDT 

Peach Property Group AG:Tops up hybrid bond.Private placement of 12.5 million Swiss francs with international investors.Issue volume increases to a total of 37.5 million francs.Proceeds to be used for expanding investment portfolio.  Full Article

Peach Property Group buys further residential properties in Lower Saxony
Monday, 4 Apr 2016 01:00am EDT 

Peach Property Group AG:Acquires further residential properties in Lower Saxony and increases residential portfolio to 2,250 units.Acquisition of 287 apartments and 3 commercial units.  Full Article

Peach Property Group acquires 116 apartments in Northern Hesse
Tuesday, 22 Mar 2016 02:00am EDT 

Peach Property Group AG:Acquires 116 apartments in Northern Hesse to expand its portfolio to over 2,000 apartments.Closing of transaction expected in April 2016.  Full Article

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BRIEF-Peach Property FY rental income up at CHF 9.2 mln

* FY earnings before taxes were also significantly higher than in previous year (3.3 million Swiss francs) at 15.5 million Swiss francs ($15.53 million)