September 12, 2019 / 5:05 AM / 8 days ago

BRIEF-Peach Property Group: Acquisition Of More Than 3,650 Apartments In Germany

Sept 12 (Reuters) - Peach Property Group AG:

* PTA-ADHOC: PEACH PROPERTY GROUP AG: ACQUISITION OF MORE THAN 3,650 APARTMENTS IN GERMANY - VALUE OF INVESTMENT PORTFOLIO INCREASES TO AROUND CHF 1.1 BILLION

* NEWLY ACQUIRED PORTFOLIO GENERATES AROUND CHF 14.4 MILLION IN ACTUAL RENTAL INCOME PER ANNUM

* TARGET RENT OF ENTIRE PEACH PORTFOLIO RISES BY ALMOST CHF 16 MILLION TO MORE THAN CHF 62 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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