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Peach Property Group AG - construction of "Schooren des Alpes" project in Kappl near Ischgl successfully concludedZurich, )
- Exclusive real estate project completed according to schedule
- Lifestyle condominiums in ski paradise meet the highest demands
- 9 of 12 units already sold; an additional one reserved
- Cash flow of close to CHF 9.0 million anticipated
Peach Property Group AG, a leading developer of high-quality real estate in the German-speaking region of Europe, has maintained its positive business momentum by completing on schedule the construction of its "Schooren des Alpes" project in Kappl near Ischgl.
"Schooren des Alpes" is an exclusive real estate development with twelve condominiums in Austria's Paznauntal, a top Tyrolean Alps destination. Nine units have already been handed over, and a further one is reserved. Peach Property Group expects to generate a cash flow of close to CHF 9.0 million from sales of the condominiums.
"Schooren des Alpes" meets the highest demands in terms of lifestyle and atmosphere. The façade of "Pietra del Cardoso" natural stone is stunning for its tranquil splendour. The uniqueness of this architecture is also expressed in the interiors of the units, which feature the finest quality materials and a modern Alpine design. The condominiums, with 133 m2 to 246 m2 of floor space, have access to luxurious extras such as a wellness area with indoor and outdoor pool, sauna, Turkish bath and a relaxation lounge. Here, the advantages of a top-notch private apartment are combined with the comfort of a five star hotel and set new standards for winter sport real estate.
If not currently occupied by the owners, all of the condominiums can be rented to third parties. At www.schooren-ischgl.com, year-round sport enthusiasts have the opportunity to book the apartments for an exclusive Alpine holiday. The rental income goes to the owners of the condominiums, thereby enabling them to earn a return on their investment every year.
Condominium owners Christel and Joris Mathijsen commented: "The apartment looks great! It's so beautiful! We're very happy with it." And buyers Asha and Paul Smith write: "Thank you so much for delivering an exceptional apartment."
"We're thrilled with the new occupants of 'Schooren des Alpes'", says Dr. Thomas Wolfensberger, CEO of Peach Property Group AG. "With their investment in this extraordinary property at a first-class location, they not only enjoy a residence in the absolute luxury segment; they also benefit from the positive trend in real estate prices at top ski destinations as well as from rental income during times when they are not using their holiday home."
Peach Property Group is presently developing other real estate projects in Hamburg ("Harvestehuder Weg 36", H36), Berlin ("yoo berlin", "Living 108") and Wädenswil outside of Zurich ("Peninsula Beach House"). The topping-out ceremony for "yoo berlin" was held this past November. The Group's largest current project is the "Peninsula", a 30.000 m2 complex directly on the shores of Lake Zurich.
In late January, Peach Property Group voiced its positive outlook for the company's 2012 financial results, and today will be providing more detailed information on the progress of its construction and development projects on the occasion of an Investors' Day conference. The related presentation can be viewed at the Peach Property Group website: http://investoren.peachproperty.com/websites/peachproperty/English/5400/presentations.html
Further project information on "Schooren des Alpes": www.elevated-living.at
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