EANS-News: YOUNIQ AG New projects in Bayreuth and Lübeck
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Marketing
Subtitle: Purchase of two land plots totalling around 11,000 m² / Construction
of a total of 423 student apartments close to the university / Management
regards 2011 business targets as achieved
Frankfurt am Main (euro adhoc) - YOUNIQ AG is further strengthening its position
as a leading provider of high-quality student apartments in Germany with the
acquisition of two new sites in Bayreuth and Lübeck. From April 2012, a total of
236 student apartments are to be created in Bayreuth, and a total of 187 in
Lübeck, entailing a rentable space of around 9,100 m². The 5,800 m² (Bayreuth)
and 5,200 m² (Lübeck) land plots are both located directly next to university
campuses. YOUNIQ AG is investing around EUR 28 million into the new projects.
The company anticipates that the construction and subsequent rentals will be
completed by the 2013/14 winter semester. Both projects are to be recognised in
profit or loss statement of the fiscal year 2011.
Rainer Nonnengässer, CEO of YOUNIQ AG, commented as follows on these new
acquisitions: "We have gained two renowned and up-and-coming university
locations with Bayreuth and Lübeck. Our growth strategy and focus on our core
student housing business have proved correct and groundbreaking. We have
achieved our 2011 business targets, having now completed five acquisitions since
the capital increase in June. We take a positive view of the coming 2012 year,
and we will continue to work further on YOUNIQ AG's expansion."
Along with high rent levels and a low number of competing student residences,
the locational benefits offered by the Bayreuth and Lübeck sites include their
proximity to their respective campuses, and direct access to shopping and other
amenities. The number of students in Bayreuth is also to be boosted to more than
15,000 over the coming years, compared with currently around 10,500, according
to a target agreement between the federal state of Bavaria and the university.
This represents an increase of more than 10 percent per year. These new projects
will raise the number of apartments that YOUNIQ AG manages or is currently
constructing to a total of 3,264 units.
Company profile
YOUNIQ AG
YOUNIQ AG has focused on student accommodation since 2009. The company covers a
significant portion of the value chain - ranging from the purchase of properties
and land, through project development, including planning, procurement of
planning permission, construction, and all the way through to commercial and
technical management. YOUNIQ has developed into a leading provider for this
segment with currently 3,264 high-quality apartments that are in either the
management or construction phases. The properties are located at twelve sites in
Germany, including Munich, Erlangen, Karlsruhe, Frankfurt am Main, Mainz,
Potsdam and Leipzig. YOUNIQ draws together many years of experience acquired in
the areas of project development and the portfolio management of largely
residential properties. Due to its past business operations, YOUNIQ AG holds an
existing portfolio comprising a further 951 units, thereby allowing stable
rental income to be generated. YOUNIQ AG (ISIN: DE000A0B7EZ7, WKN: A0B7EZ) is
listed on the Frankfurt Stock Exchange (Prime Standard).
Further information is available from: www.youniq-group.de
Further inquiry note:
Kontakt:
Investor Relations
cometis AG
Ulrich Wiehle / Dirk Ulmer
Tel.: +49 (0)611 - 205855-11
Fax: +49 (0)611 - 205855-66
E-Mail: wiehle@cometis.de
end of announcement euro adhoc
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company: YOUNIQ AG
Neue Mainzer Strasse 28
D-60311 Frankfurt am Main
phone: +49(0)69 35101480
FAX: +49(0)69 351014890
mail: ir@youniq.de
WWW: http://www.youniq-group.de
sector: Real Estate
ISIN: DE000A0B7EZ7
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf
language: English