Brought to you by
In our network
logo logo logo

International Campus ups target to 25,000 beds by ’25

Rainer Nonnengässer.

European student housing and micro living specialist International Campus Group aims to increase its current count of 5,800 beds under construction and operation to up to 25,000 beds by 2025.

In 2021, the company has already increased its portfolio by €400 million with the acquisition of projects in Aachen, Frankfurt, Freiburg, Hamburg and Munich.

The company, which celebrates its tenth anniversary this year, currently focuses investment on Germany, Austria, the Netherlands and other northern European countries. Equity financing of new projects will be funded on-balance sheet and it is aiming at a portfolio size of at least €1 billion. The current pace of growth is made possible by its shareholder Brookfield, which has held a majority stake in the company since 2018.

“When we started developing modern student apartments under the brand name The Fizz ten years ago, interest from institutional investors in Germany was nearly zero. Today, student housing is an important component of the portfolio strategy for many investors,” said IC Group’s executive chairman Rainer Nonnengässer.

Micro living concept goes live in Hamburg this year

The Fizz, Hamburg.

“We will strategically add new micro living concepts to the International Campus platform in the near future, clearly focus our investments geographically, and build our own value-add portfolio,” he explained.

IC Group will launch its micro living product HVNS – pronounced “havens” – a concept which taps into the requirement of professionals for uncomplicated, turnkey living in key urban centres later this year. A scheme will be opened in Hamburg with 214 micro apartments set to be occupied in October.

Read Real Asset Insight’s exclusive interview with Rainer Nonnengässer here.