EVAN Group plc.

  • WKN: A19L42
  • ISIN: DE000A19L426
  • Land: Deutschland

Nachricht vom 07.03.2019 | 14:36

EVAN Group plc.: Breaking new ground with state-of-the-art digital project processing using BIM structural analysis: construction start of the livinit project in Würzburg's Urlaubstraße

DGAP-News: EVAN Group plc. / Key word(s): Real Estate/Miscellaneous

07.03.2019 / 14:36
The issuer is solely responsible for the content of this announcement.

EVANGroup breaks new ground with state-of-the-art digital project processing using BIM structural analysis: construction start of the livinit project in Würzburg's Urlaubstraße

- Planning for the renovation and new construction of altogether five buildings is based on the latest Building Information Modelling (BIM) process

- 285 residential units especially designed for students and hospital nursing staff are planned

- Construction scheduled for completion in autumn/winter 2020

Würzburg, 7 March 2019: EVANGroup plc ("EVAN") (ISIN DE000A19L426 / WKN A19L42) has commenced construction of a total of 285 residential units spread over five buildings on the property at Urlaubstraße 2a and 2b in Würzburg. Before building started, the buildings were modelled as digital twins, from which structural models were derived and tested. From 2020 onwards, this method will be mandatory for the construction design of all public buildings in Germany. EVAN has broken new ground with the use of this disruptive, digital procedure.

The apartment complex will comprise four new buildings and a refurbished existing building and will have a gross floor area covering 11,382 m2. The total living space will amount to 7,738 m2. EVAN acquired the property, which is situated in the immediate vicinity of the Würzburg University Clinic, in summer 2016 and will be operating the prospective apartments itself. The planning and design of the units is being informed by extensive experience gained from the company's other livinit projects. Here, too, EVAN started off by informing itself about the specific needs of the target groups involved, namely students and hospital nursing staff, with a survey at the university and the university clinic.

In addition to 246 apartments with an average size of 21.9 m2, 39 apartments for flat-sharing communities are planned. A total of 74 apartments will be barrier-free. All apartments will be equipped with modern furnishings and Smarthome functionalities. A generously sized co-living area for common use is planned on the ground floor. In cooperation with a local fitness studio, residents will be offered special terms and conditions for their active recreation. Further facilities include 320 bicycle stands, 45 motorcycle parking areas and 3 car-sharing spaces with 2 electric charging stations. The flats should be ready for occupancy by autumn/winter 2020.

The apartments will be individually offered for retail sale so that regional as well as supra-regional investors can benefit from interesting returns, small purchase volumes and the strong growth market. Sales are expected to start in autumn 2019.

"The use of BIM is already gaining ground in architecture, but we are one of the pioneers in the field of structural analysis," says Dr. Michael Nave, Director and CEO of EVANGroup. "I'm glad we can finally create the living space that is so urgently needed. The clinic is expanding and therefore needs more housing facilities for doctors and nursing staff. Our innovative living concepts offer accommodation at a fair price."

The total investments are expected to exceed EUR 35 million.

About EVANGroup plc:

EVANGroup plc is an institutional owner-operator of commercial properties in the top 10 German cities, using their long-standing experience to create value in underserved niche markets, such as micro living for students and professionals, workers' accommodation and specialty commercial properties. EVAN is following in the footsteps of UNIMO Real Estate Holding AG, in which EVAN's owners have completed numerous transactions over the past two decades.

Using a best-in-class approach in corporate structure and governance, EVAN focuses on developing and managing real estate projects specifically created for institutional investors. One example is IMOTEX in Düsseldorf (www.imotex.de), the largest and best-known Pronto Moda Center in Europe, with over 55,000 square metres of rental space.

EVANGroup plc is building its current and future portfolio of commercial and residential real estate in Germany on a three-pillar strategy: livinit (development and management of commercially used residential properties); shopinit (development and management of retail niche formats); and sleepinit (development and specialised operation of accommodation for construction or contract workers).

Contact for further information:
Dr. Charlotte Brigitte Looß
NewMark Finanzkommunikation GmbH
Walther-von-Cronberg-Platz 16
D-60594 Frankfurt am Main

Tel.: +49 (0) 69 94 41 80 63
Fax: +49 (0) 69 94 41 80 19
E-mail: IR@evan-group.com
or www.evan-group.com

Important Information / Disclaimer:

This publication shall not constitute an offer to sell or a solicitation of an offer to buy or subscribe of any securities of EVANGroup Plc in any jurisdiction. Potential users of this information are requested to inform themselves about and to observe any such restrictions.

This publication and the information contained therein are not directed at or to be accessed by persons who are residents of the United States, who are physically present in the United States, who are otherwise "U.S. persons" as defined in Section 902 of Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act") or who are located in Canada, Australia or Japan or any jurisdictions in which the distribution of this publication or release of such information would be unlawful.

Securities of EVANGroup plc cannot be offered or sold in the United States without registration under the Securities Act or pursuant to an exemption from such registration. EVANGroup plc has not registered, and does not intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States.

This publication shall not be regarded as an investment advice or recommendation within the meaning of German Securities Prospectus Act or Directive 2003/71 /EC of the European Parliament and may not be used for an offering requiring such prospectus. EVAN Group Plc will not be responsible for the content of this document in relation to any offering which requires such a prospectus.

This publication contains 'forward-looking statements'. Forward-looking statements are all statements, which do not describe facts of the past, but containing the words "believe", "estimate", "expect", "anticipate", "assume", "plan", "intend", "could", and words of similar meaning. These forward-looking statements are subject to inherent risks and uncertainties since they relate to future events and are based on current assumptions and estimates of EVANGroup plc, which might not occur at all or occur not as assumed. They therefore do not constitute a guarantee for the occurrence of future results or performances of EVANGroup plc The actual financial position and the actual results of EVANGroup plc, as well as the overall economic development and the regulatory environment may differ materially from the expectations, which are assumed explicitly or implicitly in the forward-looking statements and do not comply to them. Therefore, investors are warned to base their investment decisions with respect to EVANGroup plc on the forward-looking statements mentioned in this publication.

07.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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