EANS-News: YOUNIQ AG First location acquired in North Rhine-Westphalia
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
Subtitle: Purchase of a 9,800 m² property in Düsseldorf / Planned construction
of 292 student apartments near to the university and city centre / Investment
volume of around EUR 26 million
Frankfurt am Main (euro adhoc) - July 17, 2012 - YOUNIQ AG is continuing to
pursue its expansion strategy in its core "student housing" business segment
with the acquisition of its first project in the most populous federal state of
North Rhine-Westphalia. A total of 292 student apartments are to be built in
Düsseldorf's Witzelstraße from the start of 2013. The investment volume stands
at around EUR 26 million. Provided the construction work begins and progresses
to schedule, the company anticipates that the project will be completed in time
for the start of the 2014 summer semester. The new project takes the number of
YOUNIQ AG apartments under management or construction to a total of 3,770 units.
The federal state capital Düsseldorf, the second-largest city in North
Rhine-Westphalia in terms of population, enjoys an excellent reputation as a
university location with a high standard of living and quality of life. The
University of Düsseldorf performed outstandingly well in the highly regarded CHE
university rankings last conducted in November 2011, including in the
disciplines of business administration and law. The university obtained top
marks for admission requirements in particular. Around 17,000 students are
currently studying on the campus of the local university. The city centre and
campus are around a kilometre away from the site as the crow flies and the
university hospital can be reached within a few minutes by foot. Local amenities
and public transport are available in the direct vicinity.
Rainer Nonnengässer, Chief Executive Officer of YOUNIQ AG, was delighted: "We
have been monitoring the highly attractive market in North Rhine-Westphalia for
some time and are therefore extremely pleased to embark upon our first project
in Düsseldorf. Düsseldorf already has a good reputation as a university
location. It is ambitious and will achieve growth over the medium to long term.
The location therefore fits in perfectly with our business strategy."
Company profile
YOUNIQ AG
YOUNIQ AG has focused on student accommodation since 2009. The company covers a
significant range of the value chain - ranging from the purchase of real estate
and land, through project development including planning, planning permission
procurement and construction, all the way through to commercial and technical
management. YOUNIQ has developed into a leading provider for this segment with
3,770 high-quality apartments currently in the management or construction
phases. These properties are located at 14 sites in Germany, including Munich,
Erlangen, Karlsruhe, Frankfurt/Main, Mainz, Potsdam, Leipzig and Reutlingen.
YOUNIQ bundles its many years of experience in project development and portfolio
management for largely residential properties. Drawing on its past business
operations, YOUNIQ AG holds a portfolio of 756 properties that generate a stable
rental income stream. YOUNIQ AG (ISIN: DE000A0B7EZ7, German Securities
Identification Code/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 - 205855-24
Fax: +49 (0)611 - 205855-66
E-Mail: ulmer@cometis.de
end of announcement euro adhoc
--------------------------------------------------------------------------------
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: free trade: Berlin, Düsseldorf, Stuttgart, regulated dealing/prime
standard: Frankfurt
language: English