EANS-News: YOUNIQ acquires new site in Potsdam
29.11.2011 – 07:22
-------------------------------------------------------------------------------- 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