August 22, 2016 / 5:06 AM / a year ago

BRIEF-Peach Property Group acquires portfolio in Kaiserslautern

Aug 22 (Reuters) - Peach Property Group AG :

* Peach Property Group acquires portfolio in Kaiserslautern - residential portfolio increases by 40% to 3,150 units, annual target rent reaches 16.2 million Swiss francs ($16.81 million)

* Closing of transaction expected in Q4 2016

* Both parties agreed not to disclose purchase price Source text for Eikon: Further company coverage: ($1 = 0.9638 Swiss francs) (Gdynia Newsroom)

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