Business news for the stock market
Peach Property Group AG: Financing of Over EUR 120 million Secured – Important Milestone in 2025 Refinancing Achieved
Zürich (pta006/16.06.2025/07:00 UTC+2)
Corporate news for the stock market
• New credit facility totaling EUR 120 million signed
• Financing has a term of five years
• Positive feedback regarding access to the secured credit market
Peach Property Group AG ("Peach Property Group"), a real estate investor focused on residential investment in Germany, has signed a large-scale credit agreement amounting to EUR 120 million with one of Germany's largest banks. The mortgage-backed financing has a term of five years under market-standard conditions. It is primarily intended to refinance existing liabilities and will sustainably strengthen the company's capital structure. This agreement represents another key component in completing Peach Property Group's balance sheet transformation by 2025. Of the EUR 120 million, EUR 30 million will be used for the early repayment of existing secured financing. The remaining free liquidity will primarily be used to refinance parts of the outstanding nominal amount of EUR 173 million of the bond maturing in November 2025.
Gerald Klinck, Chief Executive Officer of Peach Property Group: "With this credit facility of our partner bank, we are taking a major step forward in our financial transformation. Our refinancing goal is clear: we aim to achieve a balance sheet supported by long-term, mortgage-backed credit. The new financing at appropriate conditions also demonstrates the confidence we have regained in capital and financing markets through the various structural measures undertaken over the past twelve months. With regards to the remaining part of the bond due in November 2025, we are already in advanced discussions. Therefore, we are confident that the final step for the complete refinancing of the bond will also be successful."
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 property investor focused on residential investment 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 complete the profile, while digitalization and sustainability characterize the operational business. The portfolio consists of high-yield properties, typically in German Tier II cities in the catchment areas of major metropolitan areas. Activities therefore cover the entire value chain, from site evaluation and acquisition to active asset management and the letting or sale of properties. In addition, the Group is developing selected properties in Switzerland for sale as condominiums, the latest of which is the "Peninsula Wädenswil" project.
Peach Property Group AG is headquartered in Zurich and has its German headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366). The Board of Directors includes Michael Zahn (Chairman), Cyrill Schneuwly, Beat Frischknecht, Urs Meister and Alexander Hesse.
Further information: https://www.peachproperty.com/en/
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Emitter: |
Peach Property Group AG Neptunstrasse 96 8032 Zürich Switzerland |
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Contact Person: | Gerald Klinck, CEO | |
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 |