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«Alta Fides AG just renamed itself, following a sound majority vote by the shareholder meeting of the listed company on June 23, 2009. The company’s new name will be YOUNIQ AG, and the company has been entered into the commercial register. The idea underlying the name change of this project developer, portfolio holder and property manager is to showcase the company's successful reorientation of its business activities toward the student living segment through its corporate identity. At the same time, the development and sales of listed housing will be continued. During the past six months, the company had managed to establish the "YOUNIQ" brand as a comprehensive concept for student living.
The company’s name change coincides with the relocation of its headquarters from Stuttgart to Frankfurt am Main.
YOUNIQ properties represent conceptual real estate for student tenants. In addition to high-end, full furnished apartments, the concept offers a diversified range of recreational activities, discounts on products and services as well as assisted living options – the campus world of “YOUNIQWelt.” The program’s spectrum extends from a more affordable access to spas, to hosted student parties, all the way to degree and career planning services.
YOUNIQ AG already has a track record of more than 500 successfully marketed housing units at concept property locations in Greifswald, Leipzig, and Erlangen. Properties in Munich and Karlsruhe are under construction, other projects are in the final planning stage.
This makes the new YOUNIQ AG Germany’s market leader in its field. In 2009 and 2010, the company will invest more than 200 million Euros in student living, with substantially higher investment volumes earmarked for the years thereafter. Overall, the plans call for the completion of at least 1,500 to 2,500 residential units annually, starting in 2010.
YOUNIQ AG intends to keep some of the properties in its own portfolio, while selling the others to institutional or private investors. Holding a 98 percent interest, the majority partner of YOUNIQ AG is a fund owned by the private equity investor and asset manager CORESTATE Capital AG». (CS della Società)
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