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“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 (formerly Alta Fides AG until mid-2009) is a listed specialist for student living with headquarters in Frankfurt am Main, Germany. Under the name of YOUNIQ, the company develops, sells, and operates concept-driven properties for students that are managed on behalf of end investors or else are held in a proprietary portfolio. Some of the student concept properties will be sold in the future, others will be held as part of the portfolio. The portfolio includes 2,500 student apartments, 500 of which are managed as YOUNIQ products. Construction of additional units is underway in Munich and Karlsruhe, among other cities. YOUNIQ AG intends to expand rapidly in the coming years. Overall, the plans call for the completion of at least 1,500 to 2,500 residential units annually. Majority partner of YOUNIQ AG is a fund owned by the private equity investor and asset manager CORESTATE Capital AG with headquarters in Zug, Switzerland”. (CS della Società)
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