Peach Property Group Deutschland GmbH / Key word(s): Letter of Intent/IPO
08.10.2012 06:00
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Press release
Peach Property Group (Deutschland) eyes Prime Standard listing on the
Frankfurt Stock Exchange
- IPO targeted for the fourth quarter of 2012
- Luxury property developer with strong brands and partners
- Three-pillar model geared to combining high development returns with
steady cash flows
- Proceeds earmarked to accelerate expansion of attractive project
pipeline
Cologne, 8 October 2012. Peach Property Group (Deutschland) GmbH - brand
innovator, developer of luxury residential properties and manager of
investment properties - is planning to list in the Prime Standard segment
of the Frankfurt Stock Exchange in the fourth quarter of 2012. The
corresponding preparations are at an advanced stage.
Peach Property Group (Deutschland) is an indirect subsidiary of Peach
Property Group AG, a company listed in Switzerland which will continue to
hold the majority stake in the company. The Peach Property Group
(Deutschland) has up to now developed luxury properties in Germany for the
Swiss group as an exclusive full-service provider, making it one of the
leading developers of premium property. According to an industry analysis,
it is currently the number two in this market. Going forward, Peach
Property Group (Deutschland) will continue to focus on property development
from site identification to sale to the end customer for its own account.
The luxury segment of the property market is characterized by extremely
high growth potential and a marked robustness across various market phases.
This development is being driven by very stable demand for particularly
luxurious properties coupled with short supply. Peach Property Group
(Deutschland) is involved in both the development of new building and the
refurbishment of properties to premium standards.
In its capacity as a developer operating throughout Germany with a
convincing track record, Peach Property Group (Deutschland) enjoys good
access to attractive locations and projects in popular cities like Berlin
and Hamburg. The company works with strong partners and successful
international brands like 'yoo inspired by Starck' to create unique
residential properties that meet the requirements of a discerning
clientele. Peach Property Group (Deutschland) covers the complete value
chain in projects. Alongside its own attractive projects such as 'Living
108' in Berlin and the refurbishment of the former Hoesch headquarters
building in Dortmund, the company is currently marketing the other projects
undertaken at present by the Peach Property Group in Germany.
The business activities of Peach Property Group (Deutschland) are built
around a three-pillar model, with the management of selected investment
properties complementing the construction of new luxury properties and the
refurbishment of existing properties to premium standards. Under this
model, Peach Property Group (Deutschland) aims to combine attractive
returns on equity from property development with steady cash flows from
property rental. In line with this aim, Peach Property Group (Deutschland)
owns both existing properties in Germany and also the recently acquired
refurbishment and development projects in the luxury segment.
Peach Property Group (Deutschland) has significantly increased its revenues
and profits since implementing its three-pillar model. The net profit of
EUR3.4 million recorded in the first half of 2012 was much higher than the
profit reported for 2011 as a whole. This development is attributable to
the ability of Peach Property Group (Deutschland) to leverage potential for
value creation.
The company already boasts an attractive project pipeline for new
construction and refurbishment and is in talks about further projects. The
expected proceeds from the IPO have been earmarked mainly to help expand
the pipeline and accelerate the growth of Peach Property Group
(Deutschland).
About Peach Property Group (Deutschland)
Peach Property Group (Deutschland) is one of the leading developers of very
high quality residential properties in Germany. Its activities encompass
the development of new construction projects in the luxury segment as well
as the refurbishment of existing properties offering significant potential
for value appreciation. As a brand innovator, the company works with strong
brands and partners such as 'yoo inspired by Starck', thereby creating
unique developments. In addition, Peach Property Group (Deutschland)
invests in high-yielding investment properties in order to generate steady
cash flows on top of the expected attractive development returns. For its
projects, the company relies on a long-proven development and marketing
platform.
Contacts
Investors and analysts:
Bernd Hasse, CEO of Peach Property Group(Deutschland)GmbH
+49 (0)221 29923 23, investors@peachproperty.de
Media:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
+49 (0)69 90 550 5-52
investors@peachproperty.de
Eschersheimer Landstr. 42-44
60322 Frankfurt
Disclaimer
This announcement does not constitute an offer to sell, or the solicitation
of an offer to buy or subscribe for, securities to any person in Australia,
Canada, Japan, or the United States or in any jurisdiction in which such
offer or solicitation is subject to legal restrictions. The shares of the
company have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act'), and may not be
offered, sold, delivered or otherwise transferred in or into the United
States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act. The offer
and the sale of the shares of the company have not been, and will not be,
registered under the applicable securities laws of Australia, Canada or
Japan. Subject to certain exceptions, the shares referred to herein may not
be offered or sold in Australia, Canada or Japan or to, or for the account
or benefit of, any national, resident or citizen of Australia, Canada or
Japan. There will be no public offering of securities in the United States
or anywhere outside of Germany or Luxembourg.
A public offer in Germany and Luxembourg will be made exclusively by means
of and on the basis of an English-language prospectus together with a
German-language translation of the summary. The prospectus will published
on the website of the Company and will be also available in printed form
free of charge from the Company.
08.10.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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DGAP-News: Peach Property Group (Deutschland) eyes Prime Standard listing on the Frankfurt Stock Exchange
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