EVAN Group plc.
EVANGroup plc secures structured financing totalling EUR 30 million
DGAP-News: EVAN Group plc. / Key word(s): Bond/Financing Corporate News
EVANGroup plc secures structured financing totalling EUR 30 million – Cash inflow to refinance a property located in Frankfurt am Main – Development into ultra-modern micro-apartments started on August 1st – Comprehensive financing strategy releases funds for further investments
The property on the Lyoner Straße is a project of the livinit business unit, a company division that develops and manages residential properties tailored to the needs of modern lifestyles. Construction work for the comprehensive redevelopment of the existing property began on August 1st. With a gross floor area of 20,000 m², the building will provide 8,820 m² of living space after completion. The available area is divided into 395 customised apartments for staff working in the hotel and restaurant sector – incorporating the latest living trends such as design-oriented furnishing and smart-home functionalities. The current EVAN portfolio comprises around 140,000 m² of commercial and residential properties with a market value of over EUR 369 million. The forecast annual rent for all these properties is EUR 23.5 million. “The transaction gives us operational scope to create urgently needed living space,” says Dr Michael Nave, Director and CEO of EVANGroup plc. “Frankfurt am Main, in particular, is experiencing a massive influx of new residents, a development that is being further promoted by the impending Brexit. There is a particular demand for new forms of housing that can accommodate the increasing mobilisation of entire occupation groups. Our modern micro-apartments meet the needs of employees in the hospitality and catering industry who are expected to be flexible in their place of work.” Nave adds: “With new projects from our pipeline that benefit from our solid financing approach, we will be positioning ourselves even more effectively in this market.” The structured financing that has been secured was arranged by the real estate financing specialist BF.direkt AG based in Stuttgart. EVANGroup plc is building its current and future portfolio of commercial and residential real estate in Germany on a three-pillar strategy. EVAN’s three business units are: – livinit: Development and management of commercially used residential properties; innovative ways of living such as micro-apartments, student apartments and combined urban working/living concepts are offered; – shopinit: Development and management of retail niche formats such as B2B centres, direct-sale B2C warehouses, and outlet and fulfilment centres; – sleepinit: Development and specialised operation of accommodation for construction or contract workers for short and medium stays (joint venture). 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. Contact for further information: Florian Brückner Tel.: +49 (0) 69 94 41 80 55 E-mail: IR@evan-group.com or through the company website: www.evan-group.com Important Information / Disclaimer: 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.
18.09.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | EVAN Group plc. |
St. Christopher Street 168 | |
VLT 1467 Valletta | |
Malta | |
E-mail: | info@evan-group.com |
Internet: | www.evan-group.de |
ISIN: | DE000A19L426 |
WKN: | A19L42 |
End of News | DGAP News Service |