Peach Property Group presents 'yoo wollerau'

Press release

Peach Property Group presents 'yoo wollerau':

- First 'yoo inspired by Starck' project in Switzerland

- Volume of sales expected to be in the regions of CHF 59 million

- 18 exclusive condominiums in Wollerau

- Private spa area with outdoor pool and lounges

- Uniquely designed apartments with room heights of up to 3.70 metres

- Sales have commenced; occupancy scheduled for late 2015

Zurich, 18 April 2013 - Peach Property Group AG, a leading developer of high-quality residential property in the German-speaking region of Europe, has launched in Switzerland a further luxury condominium project: 'yoo wollerau'. The company is expanding its cooperation with the London-based international interior design and marketing firm, yoo Ltd., London, whose Creative Director is world-renowned designer Philippe Starck. 'yoo inspired by Starck' will participate for the first time and exclusively in a Swiss construction project and bear responsibility for the interior design of the project of 18 upscale condominiums.

The sales volume of the project amounts to roughly CHF 59 million. The 18 loft-style 3½- to 6½-room apartments with floor space ranging from 110 m2 to 295 m2 will be constructed at a central location in the low-tax community of Wollerau not far from Zurich. 'yoo wollerau' offers singles as well as couples and families highly attractive living quarters. Four 'yoo inspired by Starck' design formats will be available to choose from: Nature, Classic, Culture and Minimal. Amongst the other amenities at the disposal of future residents of 'yoo wollerau' are room heights of up to 3.70 metres, oversized windows and 'canons à lumière', high-quality interior fittings, a private spa facility with lounge, sauna, steam bath, a fitness room and an outdoor pool with a generously designed outdoor lounge, in a beautiful garden.

'yoo' was founded in 1999 by star designer Philippe Starck and property developer John Hitchcox and has been involved in more than 50 residential and hotel projects in 26 countries. Already in the high-profile 'yoo berlin' project on the shores of the Spree in Berlin-Mitte, Peach Property Group has worked successfully with this London company. Dr. Thomas Wolfensberger, CEO of Peach Property Group, is pleased: 'We are thrilled that we can now offer the 'yoo' concept to our Swiss clientele and realize a project in Wollerau that exemplifies our belief in quality. With it, another highly attractive Swiss development project of Peach Property Group is entering the realisation phase.'

Philippe Starck, Creative Director of 'yoo inspired by Starck', says: 'We are very happy to be working with our great friends from Peach Property Group for the first time in Switzerland. Beautiful Wollerau already offers majestic nature and with this I can't compete. We only hope to bring a little more love and happiness to the homes and the lives of the people of 'yoo wollerau'.'

John Hitchcox, Co-founder of 'yoo', adds: 'At 'yoo', we believe in creating sanctuary, but also in making places where people can come together and feel part of a community. Wollerau is a stunning location, and ideal for an escape from city life, whether it's for the individual or whole family. Together with Peach Property Group, we will bring the 'yoo' ethos to life with this stunning collection of high end condominiums.'

At the same time Peach Property Group is pleased to announce the projects' official website www.yoowollerau.com. Here, customers find all the information about the project, have access to floor plans and can choose amongst the four design formats which have been developed by 'yoo inspired
by Starck' under the creative direction of Philippe Starck.

The sale of the 'yoo wollerau' condominiums commenced today. Interested parties should call +41 44 485 50 00. The completion of the project is scheduled for the end of 2015.

Project website:
www.yoowollerau.com

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 the 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 operating income.

Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for more information.

About yoo
yoo, founded more than a decade ago by the renowned French designer Philippe Starck and real estate developer John Hitchcox, is an internationally active marketing, design and investment company that enhances the quality and added value of property development projects in metropolitan areas and major cities throughout the world. Five core teams represent the brand: 'yoo inspired by Starck', Jade Jagger for yoo, Kelly Hoppen for yoo, Wanders & yoo and the yoo Design Studio. Over the past ten years, yoo has worked worldwide with international partners on numerous unusual buildings and major residential projects in Asia, Australia, Europe, North and South America as well as the Middle East. To date, the firm has participated in more than 50 projects in 26 countries with a collective sales volume of USD 7 billion.

Visit www.yoo.com for more information.

Contacts:
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00 | investors@peachproperty.com

Media Germany
edicto GmbH, Axel Mühlhaus
Eschersheimer Landstraße 42, 60322 Frankfurt am Main
+49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de

This release was published on openPR.