--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
Subtitle: Purchase of a land plot of around 9,000 m² in Potsdam / Creation of
388 student apartments directly next to campus
Frankfurt am Main (euro adhoc) - YOUNIQ AG, the leading provider of high-quality
student apartments in Germany, has acquired an undeveloped plot of land of
around 9,000 m² in Potsdam along with planning permission. A total of 388 new
apartments with around 7,760 m² of rentable space are to be created in the
Kiepenheuerallee directly next to the campus, entailing EUR 26 million of
investment volume.
The project is due to be completed and rented prospectively by 2013. The
apartments, which comprise 20 m² on average, are fully furnished, and are to be
rented on an all-inclusive basis, in other words, including all incidental costs
such as Internet and cable connection. Along with its favourable location, the
site also stands out due to its direct street tram link to the city centre.
YOUNIQ AG is increasing the number of apartments that it manages or is in the
process of creating to a total of 2,841 units as a result of this new project in
Potsdam.
Potsdam is one of Germany's most attractive cities for student living according
to a survey conducted by Savills. More than 23,000 students are currently
enrolled at the University of Potsdam and at the University of Applied Sciences
Potsdam. The number of students grew by 28% over the last eight years. Since the
"Studentenwerke" (semi-governmental providers of student services) currently
meet only around 9.5% of demand for student accommodation, Rainer Nonnengässer,
the CEO of YOUNIQ AG, believes there is attractive potential scope here:
"Potsdam offers us ideal conditions to successfully implement our YOUNIQ
concept. As a result of securing this acquisition, we are now already present at
ten locations in Germany. We are optimistic that we will further extend our
leading market position with even more purchases over the coming weeks."
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 2,841 high-quality apartments that are in either the
management or construction phases. The properties are located at nine sites in
Germany, including Munich, Erlangen, Karlsruhe, Frankfurt am Main, Mainz 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
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