International Campus GmbH (IC) plans to invest € 1 billion over the next three years in micro apartments under the brands THE FIZZ and HNVS (havens).
“Students in particular are desperately searching for apartments everywhere. The tremendous shortage of supply in Germany can only be remedied if the Studentenwerk and the private sector work together. We are interested in plots and existing buildings in class A and B cities, in order to create more living space for the 2.9 million students across Germany”, said Rainer Nonnengässer, Chief Executive Officer at IC.
The company focuses on projects in major cities like Hamburg, Berlin and smaller cities with popular universities are also considered for investments.
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IC said apart from Germany, Austria and the Netherlands are particularly attractive target markets, where additional residences with fully furnished microapartments are planned and already under construction.
“Corona-related travel restrictions and online events at universities are currently leaving some student apartments vacant. Nonetheless, occupancy rates remain high and one thing is also certain: the pandemic will pass. As control over the virus increases, face-to-face courses will also return. We are planning for the long term and firmly believe that the number of national and international students in Germany will continue to rise”, said Nonnengässer.
”According to Statista, the number of students increased by 63 percent in the last twenty years.”
The company currently develops and operates thirteen student residences under the brand THE FIZZ in Germany, Austria, the Netherlands and the Czech Republic. Plans for the future include residences for professionals under the new brand name HVNS.
International Campus is a holistic, internationally integrated real estate development and operation platform. The company’s main shareholder is the global alternative asset manager Brookfield.