EANS-News: YOUNIQ AG
New project acquired in Reutlingen
03.07.2012 – 07:22
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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