DGAP-News: YOUNIQ AG sells properties in Munich and Berlin

DGAP-News: YOUNIQ AG / Key word(s): Real Estate/Disposal YOUNIQ AG sells properties in Munich and Berlin to investors 04.11.2013 / 12:57 --------------------------------------------------------------------- Frankfurt/Main, 4 November 2013 - YOUNIQ AG, the leading provider for student housing in Germany, has sold two properties from its 'Student Housing' core business area to investors. These comprise the project in Munich's Berzeliusstrasse (123 apartments) and the property in Berlin's Iranische Strasse (375 apartments). The property in Munich was sold at book value before incidental transaction costs. A sales price significantly below book value was achieved for the Berlin property. Together with the property in Göttingen that was already sold in July of this year, however, the real estate portfolio has consequently been streamlined by the removal of two properties that no longer meet the YOUNIQ standard. The proceeds from the disposals are to be deployed within the operating business and will prospectively become cash-relevant before the end of the fourth quarter of 2013. Marcus Schmitz, CEO of YOUNIQ AG, commented as follows: 'As far as Berlin is concerned, and as we had already announced, we are divesting a site that no longer matches our high quality standards. From our perspective, further investment in the property would have no longer proved worthwhile given these circumstances. For this reason, we have now decided on a disposal after reviewing several offers. The sale of our property in Munich's Berzeliusstrasse, on the other hand, represents the pleasing conclusion of our development project there, and reflects the high attractiveness of our offering for investors. The rapid initial renting also pays testament to high demand for our products and consequently the success of the YOUNIQ concept. The property was fully rented within just a few weeks. We will continue to be responsible for managing the property in the future, thereby further strengthening the presence of the YOUNIQ brand.' 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 3,175 high-quality apartments currently in the management or construction phases. These properties are located at eleven sites in Germany, including Munich, Erlangen, Karlsruhe, Frankfurt / Main, Mainz, Potsdam, Leipzig and Bayreuth. YOUNIQ bundles its many years of experience in project development and portfolio management for largely residential properties. 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 Contact: Dirk Ulmer cometis AG Unter den Eichen 7 65195 Wiesbaden Phone: +49 (0)611 - 205855-24 Fax: +49 (0)611 - 205855-66 Email: ulmer@cometis.de Web: http://www.cometis.de/ End of Corporate News --------------------------------------------------------------------- 04.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: YOUNIQ AG Eschersheimer Landstra�e 6 60322 Frankfurt am Main Germany Phone: +49 (0)69-2474720 Fax: +49 (0)69-247472100 E-mail: info@youniq.de Internet: www.youniq-group.de ISIN: DE000A0B7EZ7 WKN: A0B7EZ Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 237631 04.11.2013