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PEAN - Peach Property AG News Story

CHF57.4 1.0  1.8%

Last Trade - 26/01/22

Sector
Financials
Size
Mid Cap
Market Cap £765.6m
Enterprise Value £2.03bn
Revenue £274.5m
Position in Universe 429th / 1056

BRIEF-Peach Property Group Buys 4,300 Apartments In North Rhine-Westphalia And Bremen

Thu 27th May, 2021 6:04am
May 27 (Reuters) - PEACH PROPERTY GROUP AG  PEAN.S :
    * ACQUISITION OF 4,300 APARTMENTS IN NRW AND BREMEN / MARKET
VALUE
OF THE PROPERTY PORTFOLIO INCREASES TO CHF 2.5 BILLION
    * TARGET RENTAL INCOME RISES FROM AROUND CHF 112 MILLION TO
OVER
CHF 134 MILLION P.A.
    * PARTIES AGREED NOT TO DISCLOSE PURCHASE PRICE OR SELLER.
    * TRANSACTION IS EXPECTED TO CLOSE IN Q2 OF 2021.

Source text for Eikon:  ID:nPexzDXrRa 
Further company coverage:  PEAN.S 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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