EVAN Group plc.

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

Nachricht vom 16.01.2019 | 09:53

EVAN Group plc.: Professor Stephan Gerhard joins the Advisory Board of EVANGroup

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

16.01.2019 / 09:53
The issuer is solely responsible for the content of this announcement.

  • EVANGroup registers massive interest from the hospitality industry for serviced apartments for hotel employees as part of its livinit concept
  • Prof. Gerhard contributes in-depth hotel experience
  • First milestones reached for property in Frankfurt am Main

Valletta, 16 January 2019: EVANGroup plc ("EVAN") (ISIN DE000A19L426 / WKN A19L42) has gained the services of Prof. Stephan Gerhard, an internationally recognised specialist for the hotel and restaurant industry, as a member of its Advisory Board. Thanks to his many years of experience as a consultant, expert appraiser, manager and academic, Prof. Gerhard combines theory and practice at a high level. As part of its livinit concept, EVAN is developing apartments especially for employees of the hotel and catering sector that are attracting great interest in the tourism industry and among hotel chains.

As the first project of this kind, the property in the Lyoner Straße in Frankfurt am Main is being extensively renovated and expanded. The first milestone has been achieved with the gutting of the property. Parallel to this, EVAN has defined the procedures necessary for smooth operation hand-in-hand with selected hotels and their employees in around 12 months of preliminary work and transferred them into IT specifications. The result is an Internet-based portal for administrative purposes such as booking, rental contracts, etc. and an app handling the social issues and concerns of the employees. The first prototypes of both applications have already been completed.

"We are breaking new ground in the field of "serviced apartments" by designing them specifically for highly mobile middle-income hotel employees. The expertise provided by Prof. Gerhard is particularly valuable for us and our customers in this area", says Dr. Michael Nave, Director and CEO of EVANGroup. "We have conducted many discussions with hotel operators during recent weeks and months. The general shortage of skilled workers is not without repercussions for them either, especially since employees often change their place of work for purposes of further training during the first ten years of their career. By offering highly modern accommodation at reasonable prices, individual establishments can increase their attractiveness as employers. We see it as our calling to support the hotels in the best possible way."

Professor Stephan Gerhard, member of the Advisory Board of EVANGroup, points out: "Finding good employees is increasingly becoming one of the major challenges in the hotel industry. While it is frequently possible to maintain staff houses in holiday regions, employees in metropolitan areas are often faced with an almost insoluble problem when looking for suitable living space. And this is exactly where the livinit concept comes in: high-quality apartments, made available to employees by the hotels at an affordable price, are a good argument in choosing a particular employer!"

About Prof. Stephan Gerhard

Prof. Stephan Gerhard is founder and partner of TREUGAST. In addition to more than 30 years of consulting experience in the tourism industry, Prof. Gerhard has also made a name for himself as a recognised industry expert, for example as one of the co-founders of the 25hours Hotel Company and arcona Management GmbH. Prof. Gerhard is professor for hotel development at FHM - Fachhochschule des Mittelstands as well as lecturer at several renowned universities for tourism and real estate economics in Germany. In addition, Prof. Gerhard is a Certified Rating Advisor and a member of the Advisory Board of IUBH - International University of Applied Sciences Bad Honnef, the FBMA foundation board, the Advisory Board of the IHA German Hotel Association and the Advisory Board of the Deutscher Hotelkongress (German Hotel Congress).

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
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 through the company website: 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.

16.01.2019 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.

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