Peach Property Group launches 'Living Suites' concept with the start of sales for 'Living 108' in Berlin

- Full start of sales after brisk premarketing of almost 40 per cent

- Attractive mix of high-quality condominiums, spacious penthouses and cosmopolitan apartments

- Further developed 'Living Suites' concept follows successful conclusion of 'Living 106'

- Central location on Chausseestrasse in Berlin-Mitte

- Construction to start in summer 2013; completion foreseen in spring 2015

- Anticipated marketing volume of around EUR 35 million

Zurich, 28 May 2013 - Peach Property Group AG, a leading developer of high-quality residential real estate in the German-speaking region of Europe, will realise its newest upscale housing project under the name of 'Living 108' in Berlin-Mitte, thereby following up on its successful 'Living Suites' concept. Already before the official launch of the marketing campaign on 23 May 2013, roughly 40 per cent of the units had been deeded or reserved. Construction is scheduled to start in the summer of 2013 and should be completed in early 2015. The anticipated marketing volume of the project amounts to roughly EUR 35 million.

On a newly acquired 2,660 m2 plot on Chausseestrasse 108/109, an ensemble of 128 high-quality condominiums with a total living space of 7,569 m² and three commercial units is about to emerge. Following the successful conclusion of the neighbouring project, 'Living 106', Peach Property Group is now coupling its 'Living 108' development with the innovative 'Living Suites' concept. The name vouches for a spacious, cosmopolitan lifestyle: modern architecture, amenities such as fitness zones and personal services, as well as outstanding value for money are the hallmarks of this project. The two- to four-room units have floor space ranging from around 30 m2 to 130 m2 with prices between EUR 110,000 and EUR 669,500.

Exclusive comfort and attractive location in the heart of the capital city
'Living 108' comprises a mix of different residential units suited to specific buyer segments: condominiums, spacious penthouses with rooftop terraces, as well as urbane 'Living Suites' which will offer a range of furnishing options and additional services that are increasingly popular amongst international buyers. The residents will have an in-house community space with fitness facilities, a common rooftop terrace overlooking Berlin, as well as a subterranean garage with 55 parking spaces.

'Living 108' will be realised by the renowned Axthelm architect bureau and situated at an attractive site near the pulsating Friedrichstrasse. Its central location on Chausseestrasse and the convenient access to public transportation position 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 has already successfully concluded its 'Living 106' project, which comprises 73 condominiums and commercial floor space. All units were either sold or leased.

Fourth project of Peach Property Group in Berlin-Mitte
'It pleases me greatly that, following our successful completion of 'Living 106' and in tandem with our other major projects 'yoo berlin' and 'Am Zirkus 1', we can now already look forward to our fourth project in Berlin,' commented Dr. Thomas Wolfensberger, CEO of Peach Property Group AG. '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.'

Further information

www.livingsuites.de
Photos
http://www.peachproperty.com/wp-content/uploads/2013/05/Living108-1.jpg
http://www.peachproperty.com/wp-content/uploads/2013/05/Living108-2.jpg
http://www.peachproperty.com/wp-content/uploads/2013/05/Living108-3.jpg

About Peach Property Group

Peach Property Group AG one of the leading developers 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 exclusive 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 company's shares are listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachproperty.com for more information.

Contacts

Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer

Peach Property Group AG
Seestrasse 346 | Postfach
8038 Zürich | Switzerland

+41 (0) 44 485 50 00 | investors@peachproperty.com

Media Germany:

Koopmann.kommunikation | Hans Peter Koopmann
+49 (0)171 45 77 889 | post@koopmannkommunikation.de

This release was published on openPR.