Business news for the stock market
Peach Property Group AG: Extension of EUR 203 million financing secured
Zürich (pta035/22.09.2025/18:00 UTC+2)
Corporate news for the stock market
- Major German bank extends secured loan for another seven years
- Measure is part of successful balance sheet transformation
Peach Property Group AG ("Peach Property Group"), a real estate investor with investment focus on residential real estate in Germany, has signed today an agreement to extend an existing secured financing of EUR 203 million with its current lender, a major German bank. The original financing, which was transferred to Peach Property Group in 2021 as part of a large-volume share deal involving the acquisition of 4,300 apartments at the time, will be extended for a further seven years. The transaction is expected to be completed at the end of the month after the successful fulfillment of standard market disbursement conditions.
The financing, which now runs until 2032, accounts for around 20% of Peach Property Group's total financial liabilities. The measure is part of the successful implementation of the balance sheet transformation. Thanks to attractive terms, it contributes to extending the company's maturity profile in a balanced manner.
Gerald Klinck, Chief Executive Officer and Chief Financial Officer of Peach Property Group:
"The extension of this significant individual loan impressively demonstrates our banks' confidence in our long-term strategy and stability. It is a major milestone in our consistent balance sheet transformation and strengthens our financial base in the long term. On this solid foundation, we will continue to focus on the performance of the strategic portfolio, the targeted sale of the non-strategic portfolio, and the sustainable increase in shareholder value."
Contacts:
Media, investors, and analysts
Gerald Klinck, Chief Executive 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 with a focus on rental apartments 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 latest 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 Berlin, Frankfurt, Stuttgart, Tradegate |