Peach Property Group AG announced preliminary results for the fiscal year 2013. As a part of it, the company reported that sales volume reaches around CHF 86.3 million against CHF 85 million a year ago. Operating income increased by more than 20% year-on-year to around CHF 56 million.

The company expects to report negative earnings before taxes in the region of CHF 2 to 3 million as a result of significant one-off expenses for financial year 2013, as previously announced. The company is optimistic about 2014: The three major projects in Hamburg and Berlin are expected to be completed in the first half of the year, which will result in a significant inflow of income. All other projects will proceed as planned.

Peach Property Group anticipates further appreciation of its investment property portfolio and higher rental income primarily due to the planned repositioning of the entire Gretag site in Regendsdorf and the partial renovation of existing buildings.