Right on schedule, YOUNIQ AG commenced construction of the student living project the company to be realised in Munich's northern district of Milbertshofen. On a site located on Schleissheimer Strasse, the company will complete 85 student apartments - modelled on the YOUNIQ concept and meeting the needs of present-day students - in time for the winter semester of 2010/2011. YOUNIQ properties represent conceptual real estate that provides its student tenants, in addition to high-end, full furnished apartments, with a diversified range of recreational activities, discounts on products and services - the campus world of "YOUNIQ Welt." The program's spectrum extends from lower gym membership rates, to hosted student parties, all the way to degree- and career-planning services.
YOUNIQ AG is implementing this concept not just on Schleissheimer Strasse in Milbertshofen, but will start construction of another 130 apartments on Georg-Wopfner-Strasse in the Freimann district in the North of Munich in early 2010. At either site, the concept calls for studio apartments of roughly 22 square metres each, to be let at an all-inclusive rent of 550 Euros. "All-in" means: There are no extra charges, while high-end furnishing and features as well as cable TV and a high-speed Internet connection are included.
"The start of the 2009/2010 winter semester showed yet another increase in the number of students enrolled in Munich," elaborated Rudolf Bartsch, Member of the Board of YOUNIQ AG. "At the same time, rent levels are higher here than anywhere else in Germany, with student housing for single-person households being virtually unavailable. Therefore we expect both YOUNIQ projects in Munich to see a lively demand and to be fully let within a short period of time."
YOUNIQ AG: YOUNIQ AG (until mid-2009 "ALTA FIDES AG") is a quoted portfolio owner, project developer and specialist in student and listed housing with its headquarters in Frankfurt. With units under management throughout Germany, the company is the market leader in the German "Student Housing" segment. YOUNIQ AG is already active in this segment today, developing and managing student housing facilities nationwide, under the name "YOUNIQ". Three properties in Greifswald, Leipzig and Erlangen have been in operation since the 2009 summer semester, providing a total of over 500 housing units. Further projects will soon be under construction or are in the final stages of design. The majority shareholder in YOUNIQ AG, with 98 percent, is a fund of the private equity investor and asset manager, Corestate Capital AG. The commitment of this Swiss firm places YOUNIQ AG in the position of being able to implement their ambitious plans: Over 200m Euro will be invested in student housing in 2009 and 2010; the annual investment volume is expected to increase substantially in the years thereafter. A total of at least 1,500 to 2,500 housing units are scheduled for completion each year from 2010.
Contact us
back to Press Releases Overview »
Amendment Date: 2009/12/10