Switzerland-headquartered Peach Property Group AG (PEAN.SW), a real estate investor focusing on rental apartments in Germany, on Thursday said it has signed a new long-term secured financing agreement with funds managed by global asset-based investment manager Castlelake L.P. amounting to 410 million euros. A credit line of an additional 30 million euros for investment measures has also been approved. The term is three years with two extension options of one year each.
The new financing would be used to repay approximately 310 million euros in existing loans ahead of schedule. The remaining approximately 100 million euros would be used to repay the corporate bond due in November 2025 in full.
With this, Peach Property Group said it has successfully completed the balance sheet transformation across all significant credit instruments that began in 2024 and significantly extended its maturity profile.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.