Upartments Real Estate
| Upartments Real Estate | |
|---|---|
| legal form | GmbH |
| founding | 2000 |
| Seat | Leipzig , Germany |
| management | Dirk Lembke, Oliver Kasties |
| Branch | Real estate industry |
| Website | www.upartments-real-estate.com |
The Upartments Real Estate GmbH (proper spelling: UPARTMENTS ) is a German real estate company based in Leipzig . It is a wholly-owned subsidiary of the Luxembourg CORESTATE Capital Group , which emerged from the formerly listed Youniq AG .
Upartments Real Estate specializes in the asset class micro-apartments and is in charge of around 4200 residential units in Germany, Austria and Spain in 2018.
history
The predecessor company was founded Youniq AG in 2000 in Stuttgart, first as IVB GmbH and changed its name in the same year IVB property mbH to. On April 1, 2004, the company was converted into a public limited company, the company was changed to Alta Fides Public Limited Company for real estate, later, but in the same year 2004, to Alta Fides Public Limited Company for real estate .
The own stock of living space had grown to 10,000 m² and in 2006 increased to 36,000 m². Also in 2006, on June 22nd, the subsidiary Profecto AG was founded, which was supposed to take over and develop a new business area for non-performing loans. On November 21, 2006 Alta Fides AG announced its plans to go public on the Frankfurt Stock Exchange in the Prime Standard . The plan was to issue 3.25 million shares at a price range of 17 to 21 euros. The company went public on December 8, 2006 . Due to the weak demand, the issue price of 17 euros was at the lower end of the price range. Furthermore, the shares of the existing shareholders in the amount of EUR 800,000 and the greenshoe with a volume of EUR 450,000 were not placed, so that the issue volume was only EUR 34 million. In summer 2009 the name was changed to Youniq AG .
After focusing and expanding the student housing segment since 2009, Youniq AG successfully completed its capital increase on June 6, 2011. A total of 3,350,000 new no-par value bearer shares were placed at the offer price of EUR 7.50 per share. As a result, Youniq AG achieved gross issue proceeds of around EUR 25.1 million. The successful transaction increased the company's share capital from EUR 7,050,000 to EUR 10,400,000.
On May 13, 2015 it was announced that the major shareholder Corestate Ben BidCo AG now held around 92.2% of the shares. This increase was preceded by a purchase offer from Corestate, which was accepted by approximately 8.7% of the shareholders. The company was then converted into Upartments Real Estate GmbH and the headquarters moved from Frankfurt am Main to Leipzig.
Web links
Individual evidence
- ↑ IPO presentation of Alta Fides AG, p. 29