EVAN GROUP PLC. EVAN Group plc.: Cooperation agreement with DEHOGA Hesse - Frankfurt am Main District Association

Transparency directive : regulatory news

12/02/2019 17:31

DGAP-News: EVAN Group plc. / Key word(s): Alliance/Real Estate
EVAN Group plc.: Cooperation agreement with DEHOGA Hesse - Frankfurt am Main District Association

12.02.2019 / 17:31
The issuer is solely responsible for the content of this announcement.


EVANGroup signs cooperation agreement with DEHOGA Hesse - Frankfurt am Main District Association

- Cooperation partners announce mutual Preferred Partner relationship

- Rapid growth of Frankfurt's hotel sector demands appropriate living concept for employees

- Target group feedback has decisive impact on key planning phase for Lyoner Straße property


Frankfurt am Main, 12 February 2019: EVANGroup plc ("EVAN") (ISIN DE000A19L426 / WKN A19L42) has announced the conclusion of a cooperation agreement with the Rhine-Main District Association of DEHOGA Hesse (the German Hotel and Restaurant Association in the Federal State of Hesse) at a press conference. The subject of the agreement is the preferential treatment of each other as a Preferred Partner. This includes supporting and advising association members in the accommodation of their employees within EVAN's dedicated serviced apartments, giving them priority as regards the allocation of living space, and providing links on the respective websites to ensure smooth online access.

The Frankfurt hotel market is one of the fastest growing in Europe. This boom is being accompanied by an above-average increase in employment within the hotel and catering sector, whereby accommodation for the skilled staff is increasingly developing into an important human resources issue. Around one third of the employees are under 35 years of age and a high degree of mobility as regards their place of work is expected of this group during their first few years. However, the commitment and flexibility of junior staff is being increasingly hindered by the shortage situation that prevails on the housing market. This is further aggravated by the fact that more than a third of the employees in the hospitality and catering industry are foreigners, and these individuals have to overcome even greater hurdles when looking for somewhere to live locally.

"The cooperation with the Frankfurt am Main District Association of DEHOGA Hesse is very important for us. We are already registering a high demand for our serviced apartments for hotel employees. DEHOGA is a competent discussion partner for us in this area," says Ulrich Beckmann, Managing Director of EVAN Technology & Services. He continues: "Almost EUR 4 billion was invested in new hotels last year. But such investments only pay off if these hotels can also draw on enough proficient service personnel. These employees can only work with dedication and enthusiasm if they too have adequate accommodation, and this is what we want to channel through the DEHOGA association."

"The EVAN Group concept addresses an important need of our 550 members," notes Eduard M. Singer, Chairman of DEHOGA Frankfurt am Main and Deputy President of DEHOGA Hesse. "We take our responsibility as an employer very seriously. The hospitality industry is a powerful job engine with continuing above-average growth rates. These people are the backbone of our local tourism industry. Our goal is to find employees and keep them at our enterprises operating in Frankfurt. An affordable apartment in combination with a suitable job in the hotel and restaurant industry means a high quality of life. With the EVAN Group and through other initiatives started by the City of Frankfurt, we want to provide inspiration and show our employees that we have great companies in Frankfurt and that we are an industry that can be relied upon, an industry that gives support and that reaches out its hand to welcome and to help."

EVAN is planning the Lyoner Straße property as an innovative solution for both employers and employees in hospitality and catering. As part of EVAN's livinit concept, 375 serviced apartments of various sizes are being created, informed by feedback from the target group that was already gathered during the conception and design process. Further areas on the site are reserved for the provision of infrastructure and services to the residents.

"The market for serviced apartments continues to show high growth rates, and MicroApartments are still very much in vogue," as Dr. Michael Nave, Director and CEO of EVANGroup, points out. "However, a successful concept requires a high degree of target group affinity. Those who want to keep an eye on their vacancy rate should incorporate the needs of the final tenants in the planning right from the start." As regards the Niederrad location, Nave explains: "Our property at Lyoner Straße 11 is highly distinctive in character with its listed façade. Through the conversion of the former office building into a residential building, we are contributing to the district's revitalisation. Our final tenants are young employees in small and medium-sized enterprises with modern demands on their quality of life. We therefore place great store on equipping the residential units with attractive fixtures and fittings."

About the hotel market in Frankfurt am Main:

During the first half of 2018, Tourismus+Congress GmbH Frankfurt am Main recorded a 3.2 percent growth in the number of hotels to 289, following a strong increase of 9.0 percent throughout the whole of 2017. By November 2018, the number of overnight hotel stays had reached a figure of around 5.5 million, which corresponds to a rise of 6.6 percent over the comparable previous-year period.

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.

EVANGroup plc is building its current and future portfolio of commercial and residential real estate in Germany on a three-pillar strategy: livinit (development and management of commercially used residential properties); shopinit (development and management of retail niche formats); and sleepinit (development and specialised operation of accommodation for construction or contract workers).


Contact for further information:
Dr. Charlotte Brigitte Looß
NewMark Finanzkommunikation GmbH
Walther-von-Cronberg-Platz 16
D-60594 Frankfurt am Main

Tel.: +49 (0) 69 94 41 80 63
Fax: +49 (0) 69 94 41 80 19
E-mail: IR@evan-group.com
or 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.



12.02.2019 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.

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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

775157  12.02.2019 

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