Peach Property Group AG: Mandatory convertible bond successfully placed with CHF 230 million above the target volume

Zürich (pta046/14.10.2020/19:00 UTC+2) > Placement of the 2.5 percent mandatory convertible bond with a significantly higher volume than originally planned; strengthening of the equity basis
> Ares Management Corporation subscribes to CHF 155 million - high demand among national and international investors
> Mandatory convertible bond is equity and part of the structure to finance the most recent portfolio acquisitions in Germany and the further growth
> Real estate portfolio grows as a result of the most recent purchases to 23 000 apartments with a market value of CHF 2 billion

Peach Property Group AG, an investor specialising in portfolio management in Germany with a focus on residential real estate, has successfully placed its mandatory convertible bond with a coupon of 2.5 percent p.a. The mandatory convertible bond generated with CHF 230 million a significantly higher volume than the originally planned CHF 200 million.

The globally operating investor and new anchor shareholder of Peach Property Group AG, Ares Management Corporation, has laid the basis for the equity increase and has participated with around CHF 155 million in the mandatory convertible bond; a further amount of around CHF 75 million was subscribed by national and international investors. The conversion price of the mandatory convertible bond amounts to CHF 42.50 per share; the convertible bond will be converted on a mandatory basis into new registered shares on 30 June 2021 the latest, unless previously converted voluntarily.

The financial resources generated from the placement of the mandatory convertible bond are part of the financing structure for the recently newly acquired real estate portfolio with a total of 10 290 apartments in Germany. Another EUR 300 million for the financing of the dynamic growth course of the company are to be generated from the issue of an unsecured corporate bond which has a term of five years. In addition, part of the growth financing originates from the taking out of mortgages.

As a result of the purchases until the end of the year, the real estate portfolio of Peach Property Group AG increases to 23 000 apartments with a market value of CHF 2 billion.

Contacts:

Media, Investors and Analysts
Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher, Chief Financial Officer
+41 44 485 50 00 | investors@peachproperty.com

Media Germany
edicto GmbH, Axel Mühlhaus,
+49 69 90 55 05 52 | amuehlhaus@edicto.de

About Peach Property Group AG

Peach Property Group is a property investor and developer focused on investments in Germany. The Group stands for long time experience, competence and quality. Innovative solutions for modern housing needs, strong partnerships and a wide value chain complete the profile of the Group. The portfolio consists of an increasing number of high yield investment properties, typically in B-cities in close reach to metropolitan areas. In addition, the Group develops properties for its own portfolio or for the sale as condominium. Developments for sale focus on A-locations and encompass attractive architecture and high level furnishing for an international clientele. The business activities of the Group cover the entire value chain, from property acquisition and site selection to active asset management and finally to the sale or lease of properties.

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). Its Board of Directors consists of Reto Garzetti (Chairman), Peter Bodmer, Dr. Christian De Prati, Kurt Hardt and Klaus Schmitz.

For more information, see http://peachproperty.com

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Emitter:	Peach Property Group AG Neptunstrasse 96 8032 Zürich Switzerland
Contact Person:	Dr. Thomas Wolfensberger and Dr. Marcel Kucher
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 Berlin, Frankfurt, Stuttgart