Eyemaxx Real Estate AG
EYEMAXX Real Estate AG: EYEMAXX Real Estate AG is reinforcing its involvement in the hotel sector and is planning to enter the segment for micro-apartments
DGAP-News: EYEMAXX Real Estate AG / Key word(s): Real Estate/Miscellaneous CORPORATE NEWS EYEMAXX Real Estate AG is reinforcing its involvement in the hotel sector and is planning to enter the segment for micro-apartments Aschaffenburg, 23 October 2017 – EYEMAXX Real Estate AG (General Standard; ISIN DE000A0V9L94) is planning to significantly increase its involvement in the high-growth segments for micro-apartments and hotel developments in the coming months. After in-depth analysis of the market, the company is currently investigating several larger projects at attractive locations in these segments. Initial agreements in this regard are expected to be concluded in the coming weeks. In future, EYEMAXX will be involved in planning, developing and creating micro-apartments and student residences. According to current market research, this segment is becoming increasingly attractive and is being demanded by a growing number of investors. At the end of the third quarter the volume of transactions with larger portfolios of apartments (from 30 residential units) totaled more than EUR 9.7 billion according to market research. Of this total around 6 percent stemmed from student residences and micro-apartments. In order to rapidly secure a relevant position on the market for micro-apartments and student residences, EYEMAXX has already started concrete talks concerning a minority interest in a company specialising in this sector. These negotiations relate to the acquisition of a participating interest and also directly entering attractive development projects, and if they continue successfully they could also lead to an agreement being ready for signing in the course of the next few weeks. The market for hotel properties has also enjoyed exceptionally positive growth in German-speaking regions over the past few years. According to current studies, the volume of transactions has more than doubled and reached a record-breaking EUR 5.2 billion in 2016. At the end of the third quarter of 2017 the transaction volume totaled an estimated EUR 3.1 billion and was thus higher than in the previous year. The capital increase which EYEMAXX is planning and which is still to be approved at the extraordinary general meeting on 28 November 2017 will serve exclusively to finance this participating interest and the new projects for micro-apartments, student residences and hotels. At the same time all of the existing projects are 100% on schedule and are financed via the most recent capitalisation activities as well as bank and mezzanine loans. The EYEMAXX-bond 2012/2017 (ISIN: DE000A1MLWH7) will be repaid on schedule on 1 November 2017 as already announced. The corresponding funds have already been fully deposited in a notary’s escrow account to make the payment. Dr. Michael Müller, EYEMAXX Real Estate AG’s CEO explained: “The increased activities for micro-apartments, student residences and hotels will provide an additional boost to EYEMAXX’s growth and will place our company on an even broader footing. In addition to the concrete projects we are currently negotiating we also plan to acquire a participating interest in an experienced medium-sized German development company specialising in these segments. We will use sound judgement in this regard while still taking a growth-oriented approach, in order to thus further expand EYEMAXX’s profitability and strategic position on the market.” About EYEMAXX Real Estate AG
EYEMAXX’ business activities take a dual-pronged approach. These include high-margin projects and and also the continued expansion of its stocks of let commercial properties, which generate ongoing rental income and thus constant cash flows. In so doing, EYEMAXX uses the expertise offered by its experienced management team together with a strong team of real estate professionals, and also a well-established and broad network which opens up additional access to attractive properties and projects. The current project pipeline has thus been expanded to more than EUR 740 million. Shares of EYEMAXX Real Estate AG are listed in the General Standard of the Frankfurt Stock Exchange. The company has also issued several bonds, which are also listed on the stock exchange. You can find more information at www.eyemaxx.com Contact Investor Relations/Financial Press
23.10.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | EYEMAXX Real Estate AG |
Auhofstraße 25 | |
63741 Aschaffenburg | |
Germany | |
Phone: | +43. 2235. 81 071 -0 |
Fax: | +43. 2235. 81 071 715 |
E-mail: | office@eyemaxx.com |
Internet: | www.eyemaxx.com |
ISIN: | DE000A0V9L94, DE000A1MLWH7, DE000A1TM2T3, DE000A12T374 , |
WKN: | A0V9L9, A1MLWH, A1TM2T, A12T37 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |