YOUNIQ AG

EANS-News: YOUNIQ AG: Focus on "Student Housing" segment gains further momentum

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Strategic management decisions

Subtitle: - Sale of two construction sections of the "Liechtensteiner Gärten"
listed building project in Leipzig
- Greater concentration on core "Student Housing" business 


Frankfurt am Main (euro adhoc) - Frankfurt am Main, June 29, 2011 - YOUNIQ AG,
one of the leading providers of high-quality student accommodation in Germany,
has sold two undeveloped construction sections of the planned "Liechtensteiner
Gärten" residential development to GRK Holding AG. At the same time, the
successful disposal of the construction sections enables the company to
discontinue its Project Development segment within one year. The Project
Development segment renovates high-quality, listed residential real estate.   

The listed "Liechtensteiner Gärten" project includes a total of 16 listed
multi-family homes that were built in the 1920s, and which are to be
comprehensively modernised and refurbished in four construction stages. A total
of 110 apartments of varying dimensions, and entailing a total living space of
around 8,100 m², are to be created on the area of land located in the southern
part of Leipzig. After having already completed the first construction phase in
the 2010 financial year, and having transferred it to investors and
owner-occupiers, the second construction phase was greenlighted in January of
this year. The outstanding III and IV construction phases entailing a total of
42 units will now be realised by project and property development company GRK
Holding AG, a Leipzig-based company.  

Rainer Nonnengässer, CEO of YOUNIQ AG, expressed his great satisfaction with the
successful conclusion of the transaction as follows: "With GRK Holding AG, we
have found an established and reliable partner that can guarantee the
realisation of high-quality real estate on the Leipzig market. As a consequence,
we have taken a decisive step towards discontinuing our commitment to the listed
buildings renovation business earlier than planned." The company's primary
strategic focus will now be on its Student Housing segment, as Nonnengässer went
on to comment: "The sales proceeds will benefit our core Student Housing
business, where we wish to further expand our already leading market position." 

 

Company profile 

YOUNIQ AG

YOUNIQ AG has focused on student accommodation since 2009. The company covers a
significant range of the student accommodation 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 currently 2,199 high-quality apartments under
management or under construction. These properties are located at eight sites in
Germany, including Munich, Erlangen, Karlsruhe, Frankfurt am Main and Leipzig.
YOUNIQ bundles its many years of experience in the project development and asset
management areas for largely residential properties. Drawing on its historic
business operations, YOUNIQ AG holds an additional portfolio of 1,049 units that
generate a stable rental income stream. YOUNIQ AG (ISIN: DE000A0B7EZ7, German
Securities Identification Code/WKN: A0B7EZ) is listed on the Frankfurt Stock
Exchange (General Standard). 

Further information: 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 
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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, Stuttgart, Düsseldorf, regulated
             dealing/general standard: Frankfurt 
language:   English
 



Weitere Meldungen: YOUNIQ AG

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