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

Würzburg, 22. Januar 2018

  • 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.;

About EVANGroupplc:

EVANGroup plc is an institutional owner operator of commercial properties in the top 10 German cities, using their longstanding experience to create value in underserved niche markets, such as micro living for students and professionals, worker’s accommodation and specialty commercial properties. With the same ownership structure and now on an institutional basis, EVAN continues the success story of UNIMO Real Estate Holding AG which already lasted more than two decades.

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