EANS-News: YOUNIQ drives ahead with realisation of growth strategy
21.06.2011 – 08:36
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Frankfurt am Main (euro adhoc) - - Purchase of a land plot of around 7,700 m² in Mainz - Creation of 395 student apartments directly next to university Frankfurt am Main, June 21, 2011 - Following the successful conclusion of its capital increase, YOUNIQ AG, one of the leading providers of high quality student apartments in Germany, is pushing further ahead with the implementation of its project pipeline. The company has acquired an undeveloped plot of land close to the university from Wohnbau Mainz GmbH with a notary purchase agreement. The "YOUNIQ Mainz" project entailing a total of 395 apartments is to be created on an area of around 7,700 m² at Wallstrasse 31-37. Locational benefits of the "YOUNIQ Mainz" development include proximity to both the university campus and public transport connections at Mainz Central Railway Station. Shops offering daily requirements can also be found within easy walking distance. YOUNIQ AG plans to rent fully furnished apartments based on its tried and tested all-in standard. This comprises all incidental costs including Internet and cable connections. The new project in Mainz boosts the number of apartments that are either being managed or are under construction to around 2,200 units, thereby further strengthening YOUNIQ's market-leading position in Germany. Rainer Nonnengässer, CEO of YOUNIQ AG, expressed his great pleasure at the newly acquired site in the Rhine-Main region as follows: "With almost 40,000 students, a high quality of life, and a shortage of apartments, Mainz comprises a highly attractive location for us. We are confident that we will shortly report on further acquisitions, and thereby continue to consistently pursue our growth strategy." 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: 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: free trade: Berlin, Stuttgart, Düsseldorf, regulated dealing/general standard: Frankfurt language: English