EANS-News: YOUNIQ AG
First location acquired in North Rhine-Westphalia
17.07.2012 – 07:21
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Subtitle: Purchase of a 9,800 m² property in Düsseldorf / Planned construction of 292 student apartments near to the university and city centre / Investment volume of around EUR 26 million Frankfurt am Main (euro adhoc) - July 17, 2012 - YOUNIQ AG is continuing to pursue its expansion strategy in its core "student housing" business segment with the acquisition of its first project in the most populous federal state of North Rhine-Westphalia. A total of 292 student apartments are to be built in Düsseldorf's Witzelstraße from the start of 2013. The investment volume stands at around EUR 26 million. Provided the construction work begins and progresses to schedule, the company anticipates that the project will be completed in time for the start of the 2014 summer semester. The new project takes the number of YOUNIQ AG apartments under management or construction to a total of 3,770 units. The federal state capital Düsseldorf, the second-largest city in North Rhine-Westphalia in terms of population, enjoys an excellent reputation as a university location with a high standard of living and quality of life. The University of Düsseldorf performed outstandingly well in the highly regarded CHE university rankings last conducted in November 2011, including in the disciplines of business administration and law. The university obtained top marks for admission requirements in particular. Around 17,000 students are currently studying on the campus of the local university. The city centre and campus are around a kilometre away from the site as the crow flies and the university hospital can be reached within a few minutes by foot. Local amenities and public transport are available in the direct vicinity. Rainer Nonnengässer, Chief Executive Officer of YOUNIQ AG, was delighted: "We have been monitoring the highly attractive market in North Rhine-Westphalia for some time and are therefore extremely pleased to embark upon our first project in Düsseldorf. Düsseldorf already has a good reputation as a university location. It is ambitious and will achieve growth over the medium to long term. The location therefore fits in perfectly with our business strategy." 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 3,770 high-quality apartments currently in the management or construction phases. These properties are located at 14 sites in Germany, including Munich, Erlangen, Karlsruhe, Frankfurt/Main, Mainz, Potsdam, Leipzig and Reutlingen. 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 756 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: Kontakt: Investor Relations cometis AG Ulrich Wiehle / Dirk Ulmer Tel.: +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