As a publicly listed company, Peach Property Group AG communicates any share price or up-to-date information peach dump cake recipe all interested parties by e-mail. SIX Swiss Stock Exchange of 29th October 2008. Why invest in Peach Property Group?
Excellent further growth potential in the attractive German real estate market with focus on Tier II cities. Experienced team with a proven transaction track record. Activities across the entire value chain from evaluating locations through to acquisitions and also active asset management and property sales or lettings. Tenant focus and use of distinctive market and location expertise. High IT orientation with complete cloud environment for efficient processes.
Ares Management Corporation, USA, through: Peak Investment S. Franciscus Zweegers, Monaco, through: Arquus Capital N. Gerd Schepers, Switzerland, through: Val Global Inc. Marius Barnett, London, through: Victoria Park Peaky S.
The investment is held in the two special funds LBBW AM-WWH and LBBW AM-WSG. The 426 627 shares are entered in the share register with voting rights. 136 520 shares are not entered in the share register. Bond facts Perpetual Hybrid Warrant Bond of CHF 50 Million with an option to increase to CHF 100 Million. The central Corporate Governance elements are outlined in statutes and regulations. In addition, the Peach Property Group AG provides an annual account of Corporate Governance in its year-end report. SIX Exchange Regulation: Disclosure of participants according to Art.
Peach Property Group reports transactions of Peach shares conducted by members of the Executive Management and the Board of Directors to the SIX Swiss Exchange. We took all outstanding warrants into account when calculating diluted earnings per share. There are further dilutive effects due to the hybrid convertible, hybrid warrant and mandatory convertible bonds issued. Represents the shareholders’ value under a disposal scenario, where deferred tax, financial instruments and certain other adjustments are calculated to the full extent of their liability, net of any resulting tax. Assumes that entities never sell assets and aims to represent the value required to rebuild the entity. Assumes that entities buy and sell assets, thereby crystallizing certain levels of unavoidable deferred tax.
Funds From Operations II includes realised results from the sale of investment properties. The gross return corresponds to the target rental income from letting less lost income due to vacancies in rela- tion to the average value of the portfolio. Hybrid capital comprises financing instruments with no repayment obligation. The obligation to pay interest arises for the hybrid warrant and hybrid convertible bond only if dividends are distributed to shareholders for the corresponding period. Transaction costs are presented as a deduction from hybrid bonds.
When the options are exercised, they are reclassified on a pro-rata basis to hybrid capital. The mandatory convertible bond includes financial instruments with a fixed defined conversion date and price in registered shares of Peach. The interest to be paid is charged to the consolidated statement of income. Our investment properties are residential and commercial properties that we either construct ourselves or acquire and which are held to earn long-term rental income and achieve capital appreciation and which we do not use ourselves. Investment properties also include properties that we develop or convert with the goal of renting them out later.
With this method, all expected future net income is discounted to its present value. The key input factors and assumptions used by Wüest Partner are reviewed by our Investment Management team and the CFO and discussed in detail with the independent appraiser. The net return corresponds to the target rental income from letting less lost income due to vacancies, administrative and maintenance costs in relation to the average value of the portfolio. FFO II includes the result from the disposal of investment properties. Investment properties are initially measured at cost, including directly attributable transaction costs. The vacancy rate corresponds to the number of vacant residential units at the end of the reporting year in rela- tion to the total residential units.
Share register Please contact our share register directly regarding the registration of your shares and changes of name or address. Christoph Kattenfeld is responsible for the Peach Group’s acquisition activities. Christoph Kattenfeld holds an MBA from Wharton School of Business and studied business administration at Vienna University. Marc Sesterhenn is the managing director of the German asset companies and is responsible for asset and property management. Susanne Hünermann is responsible for legal affairs for the Group’s companies in Germany.
Corporate attorney for the group law department with Zurich Group Germany. Susanne Hünermann studied legal sciences at the University of Cologne and graduated as a specialist attorney for rental law and residential property ownership law. Andreas Steinbauer is responsible for the Peach Group’s marketing activities. He was previously responsible for the entire portfolio of luxury project developments with Orco Property Group. He holds a doctorate in international real estate markets from the University of Kingston.
Thomas Wolfensberger is responsible for corporate strategy, capital markets, portfolio management and projects located in Switzerland. He has more than 20 years of experience, including:Project manager for successful IPOs, bond issues and real estate transactions with a total volume of more than EUR 3 billion. Previously he formed and later sold an international financial technology company with 120 employees. Prior to this he worked as a consultant for IBM and Accenture.