EVAN Group plc.

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

Nachricht vom 26.09.2019 | 12:36

EVAN Group plc.: sales start for its livinit project in Würzburg's Urlaubstraße

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

26.09.2019 / 12:36
The issuer is solely responsible for the content of this announcement.

EVANGroup starts sales for its livinit project in Würzburg's Urlaubstraße

- Sale of the apartments through the Walser Real Estate Group begins

- 285 residential units especially for students and hospital nursing staff

- Construction method meets the KfW Efficiency House standard eligible for funding

Würzburg, 26 September 2019: EVANGroup plc ("EVAN") (ISIN DE000A19L426 / WKN A19L42) is commencing sales of its livinit project residences being built on the property at Urlaubstraße 2a and 2b together with the commissioned marketing specialists at the Walser Real Estate Group. The apartment complex comprises 285 residential units that have been specially designed for students and hospital nursing staff. It will consist of four new buildings and one refurbished existing building and will have a gross floor area covering 11,382 m². Starting immediately, the centrally located apartments are individually available for sale through the Walser Real Estate Group either for own use or as a capital investment. The Munich-based real estate professionals have been established on the market for 35 years and have successfully marketed well over 14,000 homes and living units during this period.

Depending on the interests behind their purchase, buyers in the immediate vicinity of the Würzburg University Hospital can benefit from attractive KFW 55 promotional loans, small purchasing volumes, or stable returns on their investment in what is a strong growth market. The livinit project, which specifically invests in the segment of affordable micro-apartments, is attracting attention from owners, tenants and capital investors alike in the overstretched Würzburg housing market. A 360-degree service package and returns of up to 4.5 percent at initial price levels of around EUR 109,900 hold out the promise of considerable demand.

In addition to 246 apartments with an average size of 21.9 m², 39 apartments for flat-sharing communities can also be purchased. A total of 74 flats will be barrier-free. The flats will all be fitted with modern partial furnishings and equipped with smart home functionalities. There will be a spacious lounge on the ground floor complete with kitchen, table football, TV and various furnishings for common use. EVAN expects the construction work to be completed in autumn/winter 2021.

Dr. Michael Nave, Director and CEO of EVANGroup says: "I am pleased that we have finally achieved another milestone for our apartment complex in Würzburg with the commencement of sales through the Walser Real Estate Group. The clinic is expanding and the demand for affordable accommodation from doctors, nursing staff and students remains at a high level. Our livinit project in the Urlaubstraße is creating the living space that is urgently needed."

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.

26.09.2019 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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