Alle Storys
Folgen
Keine Story von YOUNIQ AG mehr verpassen.

YOUNIQ AG

euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
other
ALTA FIDES reports strong increase in its planning . Successful launch of Campus Real Estate AG . Doubling of sales planned for 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
12.10.2007
Stuttgart, 12 October 2007. Over the coming years, ALTA FIDES AG, 
Stuttgart will grow more strongly than planned so far. This growth is
based on the newly established company of Campus Real Estate AG, 
Stuttgart,which has successfully begun its operations in order to 
implement a new concept for student living throughout Germany. The 
new subsidiary has already managed to secure four properties for 
itself for the implementation of campus facilities; moreover, the 
company is about to conclude negotiations regarding the acquisition 
of two further properties. The first campus has already been sold to 
an institutional investor. Furthermore, there is a high degree of 
interest in further campus projects.
This has prompted ALTA FIDES AG to significantly increase its current
planning. Accordingly, sales to the amount of EUR 120 million, one 
half of  which will already be contributed by Campus Real Estate AG, 
are now planned  for the business year 2008. Moreover, the operating 
result will also increase considerably during the next business year.
ALTA FIDES expects a doubling of the profit for the financial year to
approx. EUR 13 million as a result of a tripling of sales to EUR 60 
million already for this year. So far, ALTA FIDES AG only expected a 
small growth rate for the year 2008. In 2009, ALTA FIDES AG will 
continue along the path of growth on which it has embarked in 
particular on account of the activities of Campus Real Estate AG.
"Campus Real Estate AG has projects regarding the construction of at 
first 1,300 residential units; a further 2,500 units each are set to 
follow during the next year as well as during the following years", 
Norbert Ketterer, head  of the management board, explains. The first 
projects of the new "campus"  will be constructed in Karlsruhe, 
Erlangen, Leipzig - with two facilities - as well as in Heidelberg 
and Stuttgart. "Our investment programme for the coming  five years 
amounts to approx. EUR 750 million for Campus  alone. We will  
regularly sell approximately one half of the new projects."
The new subsidiary, Campus Real Estate AG, provides an ideal concept 
as  regards the growing  demand  for  residential  facilities  for  
students.  According to current statistics, the numbers of students 
will rise further  over the coming years. Moreover, two school years 
of school-leavers will crowd the universities each year depending on 
the respective solution in the different federal states of Germany on
account of the reduction of the school time to 12 school years.
The Management Board
end of announcement                               euro adhoc 12.10.2007 20:02:00

Further inquiry note:

Norbert Ketterer, Vorsitzender des Vorstands
Tel.: +49 (0)341 3552060
E-Mail: ir@altafides.de

Branche: Real Estate
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade

Weitere Storys: YOUNIQ AG
Weitere Storys: YOUNIQ AG