EVAN Group plc.: EVAN invests EUR 30 million in micro-apartments for students and hospital nursing staff in Würzburg

DGAP-News: EVAN Group plc. / Key word(s): Strategic Company Decision/Real Estate EVAN Group plc.: EVAN invests EUR 30 million in micro-apartments for students and hospital nursing staff in Würzburg 22.01.2018 / 10:30 The issuer is solely responsible for the content of this announcement.   CORPORATE NEWS   EVAN invests EUR 30 million in micro-apartments for students and hospital nursing staff in Würzburg - Construction of four new buildings and refurbishment of an existing property - 279 furnished apartments and 20 shared flats planned - Gross floor area covers 11,382 m² Würzburg, 22 January 2018: EVANGroup plc ("EVAN") (ISIN DE000A19L426 / WKN A19L42) is pressing ahead with its growth strategy in the area of student micro-apartments. The company is now realising its first project in southern Germany in the student city Würzburg. With an investment volume of around EUR 30 million, EVAN is building a residential complex with customised apartments for students and hospital nursing staff at the address Urlaubsstraße 2a and 2b in the immediate vicinity of the University Hospital Würzburg. Following the acquisition of the real estate, EVAN has now also obtained building permission from the City of Würzburg. Four new buildings will be erected on the plots of land, which are conveniently situated in terms of transport, and an already existing property belonging to the housing cooperative Heimathilfe will be thoroughly refurbished. With a gross floor area of 11,382 m², the apartment complex will offer living space of 7,738 m² after its completion. The five buildings will house 279 furnished apartments and 20 shared flats. 74 units have barrier-free access. To meet the mobility requirements of the student residents, parking space for 45 motorcycles and 320 bicycles is to be created in addition to space for at least 107 cars. In addition, 3 car-sharing parking bays and 2 charging stations for electric vehicles are planned to ensure that the entire complex is fit for the future and sustainable in terms of developing transport needs. The complete apartment complex consists of structures with 5 and 10 full storeys and is being built in a contemporary-modern architectural design. The focus is on an energy-efficient construction. The existing Heimathilfe building dates from the 1950s and will therefore be extensively refurbished to achieve the German KfW 70 energy-efficiency standard. The new buildings themselves will meet the particularly exacting KfW 55 standard. The Würzburg property comes from the EVAN acquisition pipeline and is part of the livinit concept, with which new forms of housing such as micro-apartments are to be developed and managed. The company's plan is to operate the property itself and offer the apartments for rent only. Construction will already start in the first quarter of 2018. The property is scheduled for completion in the third/fourth quarter of 2019. The demand for small-scale living space remains high, especially among students. "In a university city like Würzburg, affordable, modern and energy-efficient accommodation is urgently needed. In the form of our new apartment complex, we are happy that we can create an attractive new offer for students and nursing staff that meets the latest standards and requirements," said Dr. Michael Nave, CEO of EVAN. About EVANGroupplc: 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 operating real estate products 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 fully let rental space. Contact for further information: Florian Brückner NewMark Finanzkommunikation GmbH Walther-von-Cronberg-Platz 16 D-60594 Frankfurt am Main Tel.: [phone] Fax: [phone] E-mail: [e-mail] or 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. *********END OF THE CORPORATE NEWS RELEASE ********* 22.01.2018 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. Archive at www.dgap.de

Language:	English
Company:	EVAN Group plc.
	St. Christopher Street 168
	VLT 1467 Valletta
	Malta
E-mail:	[e-mail]
Internet:	www.evan-group.de
ISIN:	DE000A19L426
WKN:	A19L42

End of News	DGAP News Service

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