“With the acquisition of a second plot in the campus town of Munich, YOUNIQ AG (formerly Alta Fides AG, renamed in mid-2009) is about to realise its ninth YOUNIQ project for student living in five different locations in Germany. The property is located in Munich's district of Freimann on Georg-Wopfner-Strasse, and is characterised superior infrastructural development with it direct underground access (U6 line) and ample retail opportunity in the surrounding area.
“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 this as other YOUNIQ projects to meet with a high demand and to be fully let within a short period of time.”
Construction for the 130 student apartments will start in early 2010. The apartments with a floor space of about 23 square metres can be rented for an all-inclusive rent starting as low as 450.00 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 investment volume approximates a total of 13 million Euros; the gross floor space equals 5,955 square metres. “Together with our project in Milbertshofen, where construction will be underway before the end of the year, we will provide nearly 200 new apartments by the 2010/2011 winter semester,” said Bartsch.
YOUNIQ AG developed the YOUNIQ brand as an alternative form of living that captures the spirit and the lifestyle of today's students: urbane, elegant living that is both pragmatic and affordable. YOUNIQ properties are 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 as well as assisted living options – the campus world of “YOUNIQ Welt.” The program’s spectrum extends from a more affordable access to gyms, to hosted student parties, all the way to degree- and career-planning services”.
YOUNIQ AG (Alta Fides AG through 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)
Nell’immagine, il rendering del progetto
