International Campus Group (IC), a leading developer and operator of student and urban living concepts in Europe has acquired a planned student apartment development in Berlin-Friedrichshain from QUARTERBACK Immobilien AG. The property, located at Markgrafendamm 7-10, will extend over a gross floor area of nearly 15,000 square metres (161,500 sqft), providing space for 350 apartments with 380 beds, along with generously proportioned community areas including a shared kitchen, a co-working lounge, a gaming room and attractive outside facilities. The scheme was designed by the architectural firm of TCHOBAN VOSS Architekten. Construction work will kick-off in March 2022 and is scheduled to conclude by the summer of 2025.
“What fascinated us about the site on Markgrafendamm is the location: Hotspots like the East Side Gallery and the ‘Badeschiff’ floating pool lie within easy walking distance, the same being true for the bank of the River Spree, the shore of Rummelsburger Bucht, and the parklands of Treptower Park. The rapid transit stations ‘Treptower Park’ and ‘Ostkreuz’ provide convenient access to public transportation,” elaborated Michael Stapf, IC’s Chief Investment Officer. “This latest iteration of THE FIZZ in Berlin will offer students a place in which to feel at home, including a casual atmosphere, with contemporary design features, and plenty of community life.”
Berlin is Germany’s largest higher education hub. According to figures released by city hall, more than 250,000 people from all over the world study, research and work in the city’s four universities, four universities of applied sciences, four art academies, two denominational universities and around 30 private higher education institutions.
International Campus continues its rapid growth trajectory with its two brands, THE FIZZ and HVNS. Two weeks ago, the company acquired a property development in Leiden, Netherlands for THE FIZZ. Additional acquisitions are close to signing. Moreover, new schemes have already opened in Hamburg, Freiburg and Utrecht this year.
Image rights: International Campus
Source : Company