THE FIZZ (student housing): average occupancy 99% (98% in Germany; 100% in Austria, Czechia, and the Netherlands).
43% renewal rate year-to-date; welcomed more than 2,500 new tenants from over 120 countries.
HAVENS LIVING (urban living): 97% stabilized occupancy going into Q4 2025; 650 tenants from over 70 countries.
International Campus Group (IC), one of Europe’s leading investors, developers, as-set holders, and operators of student housing and urban living concepts, reported a stabilized portfolio occupancy of nearly 99 percent at the start of the 2025–26 academic year this month. This marks one of the strongest letting cycles in the company’s history and underscores continued demand for short- and medium-term accommodation across IC’s portfolio.
Across the THE FIZZ student housing brand, average occupancy reached 99 percent—98 percent in Germany and 100 percent in Austria, Czechia, and the Netherlands. The brand achieved a 43 percent renewal rate year-to-date and welcomed more than 2,500 new tenants from over 120 countries, reflecting its global appeal and strong customer loyalty.
The HAVENS LIVING urban living brand achieved 97 percent stabilized occupancy going into Q4 2025 and is now home to around 650 tenants from over 70 countries. Year-on-year rental growth across the portfolio remains resilient and continues to align with post-pandemic trends, further validating the strength of IC’s operating platform and market positioning.
“Reaching 99 percent occupancy across our portfolio is clear proof that our pro-duct–market fit and operational discipline are delivering exceptional results,” said Gawain Smart, CEO of International Campus. “Our teams have achieved one of the strongest letting cycles in our history while also completing a €313 million refinancing—demonstrating both the strength of our platform and the confidence of our financial partners. We’re executing with focus and expanding our footprint in Europe’s most undersupplied urban markets.”
“We continue to see structurally high demand for professionally managed student housing and urban living in Central Europe,” added Patrick Hanisch, CFO of Inter-national Campus. “Our priority is to identify new development and conversion op-portunities in university cities and metropolitan areas that will strengthen our long-term portfolio.”
In Q3 2025, IC successfully completed a €313 million refinancing, underscoring len-der confidence in the company’s operational performance, portfolio quality, and long-term fundamentals. The refinancing enhances balance sheet flexibility and provides a solid foundation for continued expansion. IC also maintains a healthy acquisition and development pipeline, with several projects in advanced negotiati-on and further opportunities under early-stage discussion—offering significant po-tential to scale the platform in line with strategic priorities.
The European purpose-built student accommodation (PBSA) and urban co-living sectors continue to demonstrate strong fundamentals. Rising international student enrolments, limited new supply, and persistent housing shortages are maintaining high occupancy and supporting healthy rent growth across major markets. Within this context, International Campus’s solid operating platform, recent refinancing, and active development pipeline position it to benefit from ongoing demand and to deliver consistent, risk-adjusted returns to investors.
