EANS-News: YOUNIQ AG New project acquired in Reutlingen
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Marketing/Company Information
Subtitle: Purchase of land totalling 3,800 m² / 214 student apartments with
around 5,400 m² residential space planned / Investment volume of around EUR 18.3
million
Frankfurt am Main (euro adhoc) - July 3, 2012 - With the Reutlingen acquisition,
YOUNIQ AG is expanding its portfolio to include a further attractive and
up-and-coming university location. The company has acquired a 3,800 m² plot of
land in the Gustav-Wagner-Strasse, to the north of the city's centre. A total of
214 high-quality student apartments with a total residential space of around
5,400 m² are to be created from November 2012 prospectively. The investment
volume amounts to approximately EUR 18.3 million. The first returns from this
project will become effective before the end of the 2012 financial year. YOUNIQ
AG anticipates that the building will be completed and subsequently rented in
March 2014 assuming that construction commences and progresses in line with
schedule.
Rainer Nonnengässer, CEO of YOUNIQ AG, commented as follows on this new
acquisition: "Due to local market circumstances, Reutlingen comprises one of
Germany's alternative university locations, that is also still attractive for
us. For example, only three student residences are available for the
approximately 5,700 students in the city, which creates a market niche for our
student apartments. Reutlingen is a top location for students: the ESB Business
School that is based here again achieved outstanding university rankings from
the German 'WirtschaftsWoche' weekly business magazine in April 2012, for
example in the subjects of business studies, industrial engineering and business
IT."
The Reutlingen-based University of Applied Sciences with its affiliated ESB
Business School can be reached from the new YOUNIQ location in around ten
minutes by way of public transport. Local shopping amenities such as
supermarkets are located only a few minutes away by foot. The city centre, an
important location for student life, can be reached rapidly. This new project
will raise the number of apartments that YOUNIQ AG manages or is currently
constructing to a total of 3,478 units.
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
3,478 high-quality apartments currently in the management or construction
phases. These properties are located at 13 sites in Germany, including Munich,
Erlangen, Karlsruhe, Frankfurt am Main, Mainz, Potsdam and Leipzig. 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 1,018 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:
Contact:
Investor Relations
cometis AG
Ulrich Wiehle / Dirk Ulmer
Phone: +49 (0)611 - 205855-24
Fax: +49 (0)611 - 205855-66
E-Mail: ulmer@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: free trade: Berlin, Düsseldorf, Stuttgart, regulated dealing/prime
standard: Frankfurt
language: English