DGAP-News: Peach Property Group AG: Ground broken for Peninsula Beach House, 23 exclusive condominiums in Wädenswil
(firmenpresse) - EquityStory AG-News: Peach Property Group AG / Key word(s): Real
Estate
Peach Property Group AG: Ground broken for Peninsula Beach House, 23
exclusive condominiums in Wädenswil
19.04.2012 / 13:59
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Press release
Ground broken for Peninsula Beach House: 23 exclusive condominiums in
Wädenswil.
Zurich, 19 April 2012 - Peach Property Group AG, a leading developer of
high-value residential property in German-speaking Europe, has conducted
the ground-breaking ceremony for the Peninsula Beach House in Wädenswil in
the presence of representatives of the Wädenswil Town Council, the
architects responsible for the project, Buchner Bründler, and invited
guests and prospective owners. The ceremony marks the official start of
construction of what is the most exclusive residential development
currently underway on Lake Zurich.
The 23 condominiums in the Peninsula Beach House will offer their owners a
truly rare quality of living, with direct access to the water and
breathtaking views along the entire length of Lake Zurich. The saleable
floor area amounts to 4745 m2. With floor areas of between 130 and 290 m2,
the units nestle harmoniously in a park setting designed by landscape
architect Enzo Enea and come with a price tag starting at CHF 2.2 million.
The Peninsula Beach House development also comprises a private gym and
wellness facility containing a spa, an indoor squash/exercise hall, indoor
golf, an aerobics room, a 20 m indoor pool and a relaxation tub. The
construction plan foresees occupancy of the units in the spring of 2014.
Peach Property Group CEO Thomas Wolfensberger: 'In terms of its location,
amenities and sustainable energy concept, the Peninsula Beach House is in
many ways a pioneering development. By complying with the Swiss Minergie(R)
standard and exploiting the latent heat of the lake water, both owners and
the environment will benefit from the minimal use of non-renewable energy.
Commencement of construction on the Peninsula Beach House also marks the
beginning of work on the overall project encompassing the Giessen
peninsula. This will see Wädenswil benefit from a green, car-free area
offering two public spaces, a lakeside path, public access to the lake, a
restaurant, a café-bar and a number of retail outlets.'
Heini Hauser, Head of Wädenswil's Construction Department: 'This
ground-breaking ceremony heralds a revitalisation of Wädenswil's peninsula:
historically, this has not been accessible by the public, but now it will
be. I am confident that Wädenswil will become more attractive as a result
and that the public will benefit.'
Implenia Bau AG, Zurich, Switzerland's leading construction and
construction services company, has been entrusted with the excavation work.
Financing of the construction work is secured by Peach Property Group AG.
Superstructure work is scheduled to commence early in 2013. This is to be
undertaken by Alfred Müller AG, Baar, a leading Swiss general contractor,
which will begin by laying of floor slabs approximately 95 cm in thickness.
This unique lakeside location requires that a number of special measures be
taken. As a result, Implenia will be carrying out specialised and intricate
excavation work in a process scheduled to take nine months.
The first two months will be spent vibrating 4400 m2 of sheet-pile walls
into the ground. Due to its proximity to a railway line, the section of the
excavation pit closest to the railway will be reinforced with a 66 metre
long, 16 metre deep overlapping bored pile wall. Reinforcement of the
lateral excavation pit will be accomplished using 193 strand anchors bored
as much as 23 metres into the soil.
The 3900 m2 wide final section of the horizontal excavation pit will
receive a soft gel base approximately one metre in depth at a depth of 13
metres below ground level. This hugely exhaustive and, for Switzerland,
entirely new process will alone take close to three months to complete.
Owing to the geological composition of the shoreline, which mainly consists
of lake sediment and stream debris, the entire building will stand on 223
pillars featuring diameters of up to 62 cm and an average length of 16
metres. Approximately 28,000 m3 of spoil will need to be hauled away during
the excavation phase. That work will be concluded with the pouring of the
lean concrete layer.
The Peninsula Beach House is emerging from the remains of Wädenswil's
historically significant Giessen industrial estate, which occupies a 30,000
m2 peninsula on Lake Zurich. Peach Property Group is breathing new life
into the site and complementing what, in part, are heritage-protected
buildings through the addition of new residential units possessing
architectural and aesthetic merit.
The Peninsula Beach House will meet the requirements of the Swiss
Minergie(R) standard and incorporate the latest sustainable energy systems.
By employing heat-exchange technologies to exploit the latent heat of the
water in Lake Zurich, energy equivalent to one litre of heating oil can be
generated from 4 m³of lake water. Moreover, during the warm summer months,
the lake water can be used to cool the building. Energy consumption is kept
to a minimum thanks to the installation of a heat-recovery ventilation
system and the ingenious design of the building's envelope.
Press pictures
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pg
http://www.peachestates.com/wp-content/uploads/2012/04/PBH-San-Simeon.jpg
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Contacts
Investoren und Analysten:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors(at)peachestates.com
Medien:
Siro Barino, Barino Consulting
+41 79 335 24 24
info(at)barino.ch
About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality
residential property in the German-speaking region of Europe. Its
activities cover the entire prime property development value chain, from
site evaluation to project planning, implementation and marketing.
Properties developed by Peach Property Group AG are located on exceptional
sites in or near city centres and holiday resorts. Premier amenities meet
the requirements of a demanding clientele. The company's integrated
corporate strategy includes not only the development of high-quality
residential properties, but also the management of investment properties
for the purpose of generating consistent annual revenues.
Peach Property Group AG is headquartered in Zurich and also has a branch
office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange
(PEAN, ISIN CH0118530366).
Visit www.peachestates.com for more information.
End of Corporate News
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Language: EnglishCompany: Peach Property Group AG
Seestrasse 346
8038 Zürich
Switzerland
Phone: +41 44 485 50 00
Fax: +41 44 485 50 11
E-mail: investors(at)peachestates.com
Internet: www.peachestates.com
ISIN: CH0118530366
Swiss Security Number: A1C8PJ
Listed: Freiverkehr in Berlin, Stuttgart; Open Market
in Frankfurt; SIX
End of News EquityStory AG News-Service
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