Peach Property Group AG: Management realignment following a successful transformation
Zürich (pta008/20.10.2026/07:00 UTC+2)
Ad hoc announcement pursuant to Art. 53 LR
- Chief Executive Officer Gerald Klinck is stepping down from the Group Executive Board and will leave the company at the end of 2026
- Michael Zahn will assume additional responsibilities as Executive President of the Board of Directors
- Rita Sprenger will become Chief Financial Officer
Peach Property Group AG («Peach Property Group»), a real estate investor focused on residential real estate in Germany, announces changes to its management. Gerald Klinck, who has served as Chief Executive Officer (CEO) of Peach Property Group since 2024, will step down from the Group's Executive Board at the end of October following the successful completion of the comprehensive portfolio and balance sheet transformation, and will leave the company on December 31, 2026, at his own request and by mutual agreement. However, he is expected to continue advising the company beyond his departure on the further reduction of the non-strategic portfolio.
Michael Zahn, Chairman of the Board of Directors of Peach Property Group since 2024, will assume the role of Executive Chairman of the Board of Directors in accordance with the company's bylaws.
Rita Sprenger, previously the company's Head of Finance, will become the new Chief Financial Officer (CFO) and a member of the Executive Board effective 1 November 2026. Rita Sprenger has been with the company since 2021 and has extensive experience in equity and debt transactions, portfolio valuations, and investor relations. She has also played a key role in the company's financial transformation over the past 24 months. In her new role, she will assume operational management responsibilities alongside Chief Operating Officer (COO) Stefanie Koch and Dr. Holger Franz, Group General Counsel and Chief Authorized Representative of the German subsidiaries.
Michael Zahn, Chairman of the Board of Directors of Peach Property Group AG: «Gerald Klinck has made significant contributions to the comprehensive portfolio and balance sheet transformation of the Peach Property Group. Under his leadership, the company refinanced financial liabilities totaling around EUR 1 billion, and around 8,000 residential units were sold from the non-strategic portfolio in a series of transactions. In addition, the loan-to-value (LTV) ratio was reduced from over 50% to approximately 45%. The Board of Directors extends its sincere thanks to him for his successful work at Peach Property Group. We wish Gerald Klinck all the best for the future, both personally and professionally, and are delighted that he will continue to support our company and contribute his experience as we further reduce the non-strategic portfolio. At the same time, we are very pleased to have Rita Sprenger join us in the role of CFO. With her unique expertise, she has played a key role in the successes of recent years. Her appointment ensures personal and professional continuity as we continue on our path toward achieving our ambitious Strategy 2028».
Contacts:
Media, investors, and analysts
Gerald Klinck, Chief Executive Officer and Chief Financial Officer
+41 44 485 50 00 | investors@peachproperty.com
Media Germany
Rosenberg Strategic Communications GmbH & Co. KG
Dirk T. Schmitt, Managing Partner
+49 170 302 8833 | D.Schmitt@RosenbergSC.com
About Peach Property Group AG
Peach Property Group is a real estate investor focused on residential real estate in Germany. The group stands for many years of experience, expertise, and quality. Innovative solutions for tenants' needs, strong partnerships, and a broad value chain round out the profile, while digitalization and sustainability shape the operating business. The portfolio consists of high-yield properties, typically in German Tier II cities in the catchment area of metropolitan areas. Its activities therefore span the entire value chain, from site evaluation and acquisition to active asset management and the leasing or sale of real estate. In addition, the group develops selected properties in Switzerland for sale as condominiums, with the «Peninsula Wädenswil» development project being the last such project.
Peach Property Group AG is headquartered in Zurich and has its German group headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366). The Board of Directors comprises Michael Zahn (Chairman), Cyrill Schneuwly, Beat Frischknecht, Urs Meister and Alexander Hesse.
Further information is available at https://peachproperty.com.
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| Emitter: |
Peach Property Group AG Neptunstrasse 96 8032 Zürich Switzerland |
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|---|---|---|
| Contact Person: | Gerald Klinck | |
| Phone: | +41 44 485 50 00 | |
| E-Mail: | investors@peachproperty.com | |
| Website: | www.peachproperty.com | |
| ISIN(s): | CH0118530366 (Share) | |
| Stock Exchange(s): | SIX Swiss Exchange; Free Market in Frankfurt, Stuttgart, Tradegate BSX |

