EANS-News: YOUNIQ AG
New projects in Bayreuth and Lübeck
10.01.2012 – 07:21
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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