Peach Property Group AG ( (CH:PEAN) ) has issued an update.
Peach Property Group AG’s Board of Directors is proposing the re-election of most current board members and the election of Alexander Hesse to replace Eric Assimakopoulos at the upcoming AGM. Additionally, the board plans a cash capital increase by issuing up to 10 million new shares, aimed at reducing unsecured debt and simplifying the company’s financing structure. This move is expected to enhance the company’s financial stability and support its ongoing development strategy.
More about Peach Property Group AG
Peach Property Group AG is a real estate investor focused on rental apartments in Germany, with a portfolio consisting of high-yield properties primarily in German tier-II cities. The company emphasizes innovative solutions for tenant needs, strong partnerships, digitization, and sustainability. It also develops properties in Switzerland for sale as condominiums and is listed on the SIX Swiss Exchange.
Technical Sentiment Signal: Buy
Current Market Cap: €188.3M
Learn more about PEAN stock on TipRanks’ Stock Analysis page.