IC doubles number of operated apartments

International Campus AG doubles number of operated student apartments to 1,500 and continues to pursue growth strategy

• Three new student residences with more than 1,000 apart­ments opened in time for 2015/16 winter semester: THE FIZZ Hannover, THE FIZZ Frank­furt Gallus and THE FIZZ Darmstadt (parti­ally opened)
• Resident satis­fac­tion survey: 86 percent would recom­mend THE FIZZ student residences
• Growth strategy to continue

Inter­na­tional Campus AG has increased the number of student apart­ments under manage­ment to about 1,500 in the last few months. THE FIZZ Hannover and THE FIZZ Frank­furt Gallus were opened in time for the 2015/2016 winter semester. The first section of THE FIZZ Darmstadt residence, which is a listed building, was also opened. The residences in Hanover and Darmstadt are comple­tely rented and the residence in Frank­furt Gallus is already some 95 percent booked. Inter­na­tional Campus will continue to pursue its growth strategy: New student accom­mo­da­tions are planned in Cologne, Frank­furt, Aachen and Hamburg

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Horst Lieder, CEO of Inter­na­tional Campus AG, commented: “We have opened three new student residences in time for the begin­ning of the new winter semester and have thereby more than doubled the number of apart­ments under manage­ment. We have a capable platform, a clear concept and a highly motivated team which allows us to continue our growth strategy consis­t­ently and at an extre­mely fast pace.” Inclu­ding the new student residences under develo­p­ment, Inter­na­tional Campus will manage around 3,500 apart­ments and continue to show strong growth.

“Our objec­tive is to operate between 15 and 20 student residences in Germany’s “big seven” cities and growing univer­sity towns in the coming years,” continued Lieder.

In order to increase the quality of residen­tial products and tenant satis­fac­tion, an exten­sive satis­fac­tion survey and analysis of all THE FIZZ residents was carried out in summer: 86 percent would recom­mend THE FIZZ residences and 75 percent are satis­fied or highly satis­fied with THE FIZZ Commu­nity. Roman Diehl, Member of the Execu­tive Board respon­sible for marke­ting and sales at Inter­na­tional Campus AG, explained: “In keeping with our approach of being the leading German “student lifecycle company,” we asked all our THE FIZZ residents what we could do to improve things and how satis­fied they are with our residences. We are proud of the fact that almost 90 percent of our students would recom­mend us. The grati­fying survey results and our high rental rates clearly show that we are living up to the demands of our target group.”

Alexander Gulya, Member of the Execu­tive Board respon­sible for develo­p­ment at Inter­na­tional Campus AG, added: “Student Housing doesn’t just mean building “small living units”. It also involves precise knowledge of the “student” target group in order to position residen­tial products appro­pria­tely on the market and to be able to generate attrac­tive returns as an operator. As Inter­na­tional Campus it is our aim to develop contem­po­rary, high-quality student accom­mo­da­tions which create a cosmo­po­litan atmosphere combined with a unique living quality.”

Inter­na­tional Campus AG operates and develops student accom­mo­da­tion under the “THE FIZZ” brand in Berlin, Bremen, Darmstadt, Frank­furt am Main, Freiburg, Hamburg, Hanover and Cologne compri­sing more than 3,500 apart­ments.