Acquisition in Hamburg


International Campus Acquires Wendenquartier Scheme in Hamburg providing for circa 700 Apartments

  • Ground-up deve­lo­p­ment for brands THE FIZZ and HVNS in Ham­mer­brook, a cen­tral dis­trict of Ham­burg
  • 476 beds for stu­dents, 329 beds for urban pro­fes­sio­nals, more than 800 bicy­cle par­king spaces and a dedi­ca­ted under­ground car park
  • Com­ple­ti­on and ope­ning of the LEED Gold cer­ti­fied apart­ment sche­me is sche­du­led for 2024
  • The deve­lo­p­ment was sold by Grund­kon­tor Pro­jekt GmbH (Unter­föh­ring near Munich), who is also respon­si­ble for the con­s­truc­tion

Inter­na­tio­nal Cam­pus Group (IC), a lea­ding deve­lo­per and ope­ra­tor of stu­dent and urban living con­cepts in Euro­pe, has signed a purcha­se and sale agree­ment for a plan­ned apart­ment sche­me to be deve­lo­ped on Wen­den­stras­se in Hamburg’s Ham­mer­brook dis­trict. It was sold by Grund­kon­tor Pro­jekt GmbH, a com­pa­ny based in Unter­föh­ring near Munich (with the par­ties agre­e­ing not to dis­c­lo­se the purcha­se pri­ce). The apart­ment sche­me, with its reco­g­nisable brick faça­de, will con­sist of two sepa­ra­te parts of around 24,000 sqm GFA with sepa­ra­te ent­ran­ce­ways, and will be split bet­ween the brands THE FIZZ and HVNS. The over-all sche­me will pro­vi­de for about 700 apart­ments (with 476 beds for stu­dents and 329 beds for working pro­fes­sio­nals) as well as exten­si­ve com­mu­ni­ty are­as inclu­ding three roof­top ter­races, more than 800 bicy­cle par­king spaces and a dedi­ca­ted under­ground car park. In addi­ti­on, about 2,000 squa­re met­res on the ground flo­or are to be ear­mark­ed for com­mer­cial ren­tal units that are to be let to a bis­tro and gym, among others.

“Wen­den­quar­tier in Ham­burg will be IC’s second major loca­ti­on in the port city after Stre­se­mann­quar­tier. Here, as the­re, we will split the buil­ding bet­ween our two brands, THE FIZZ and HVNS,” said Micha­el Stapf, Chief Invest­ment Offi­cer of IC. The site is con­ve­ni­ent­ly acces­si­ble, cen­tral­ly loca­ted, and has excel­lent public trans­port links. Ham­mer­brook is part of Hamburg’s cen­tral borough of Ham­burg Mit­te. “From Wen­den­stras­se, it’s a walk of mere minu­tes to the Deich­tor­hal­len art cent­re and the Elb­phil­har­mo­nie con­cert hall. The fact that we were able to secu­re this lar­ge-sca­le pro­ject with rough­ly 800 beds—one of the big­gest deals in this seg­ment any­whe­re in 2021—at such an exci­ting loca­ti­on via a for­ward deal illus­tra­tes our exper­ti­se and our expan­si­on stra­tegy,” Stapf said.

HVNS and THE FIZZ in the Wen­den quar­ter of Ham­burg © Grund­kon­tor

“In Inter­na­tio­nal Cam­pus, we have found an accom­plished part­ner for our Ham­burg Wen­den­quar­tier sche­me who is also fami­li­ar with lar­ge-volu­me pro­ject deve­lo­p­ments,” says Romeo Uhl­mann, mana­ging direc­tor and owner of Grund­kon­tor Pro­jekt GmbH. “We have many years of expe­ri­ence with stu­dent housing and urban living con­cepts and know how important attrac­ti­ve pro­per­ty brands and pro­fes­sio­nal ope­ra­ti­on are. We are the­r­e­fo­re very plea­sed to join Inter­na­tio­nal Cam­pus in the deve­lo­p­ment and rea­li­sa­ti­on of this spe­cial pro­ject at such an ear­ly stage.”

“The ori­gi­nal office buil­ding from the 1970s that occu­p­ied the site on Wen­den­stras­se has been demo­lished and we are now moving ahead with the foun­da­ti­on works and intend to have the sche­me com­ple­ted and open for occu­p­an­cy by 2024,” added Rai­ner Non­nen­gäs­ser, Exe­cu­ti­ve Chair­man of Inter­na­tio­nal Cam­pus Group. “The dis­trict of Ham­mer­brook is under­go­ing a trans­for­ma­ti­on, as it is moving away from its obso­le­te basic busi­ness units and toward a mixed-use area. With its Wen­den­quar­tier deve­lo­p­ment, which will be LEED Gold cer­ti­fied, Inter­na­tio­nal Cam­pus will play an acti­ve part in this trans­for­ma­ti­on, crea­ting urgen­tly nee­ded resi­den­ti­al accom­mo­da­ti­on for stu­dents and working pro­fes­sio­nals of all ages. We will con­ti­nue to see the gap bet­ween sup­p­ly and demand for small-sca­le urban housing in Ham­burg widen in the future.”

With its popu­la­ti­on of almost 2 mil­li­on resi­dents, Ham­burg is the second-lar­gest city in Ger­ma­ny, a major tra­ding hub for goods from around the glo­be, and home to num­e­rous natio­nal and inter­na­tio­nal com­pa­nies. As a result, the Han­sea­tic city attracts workers and stu­dents from all over the world. More than 116,000 stu­dents are pur­sing degree-gran­ting stu­dies at 20 hig­her edu­ca­ti­on insti­tu­ti­ons and uni­ver­si­ties. Around 43,000 stu­dents are enrol­led at the Uni­ver­si­ty of Ham­burg alo­ne, one of the lar­gest uni­ver­si­ties in Ger­ma­ny.

The dis­trict of Ham­mer­brook counts among the most important busi­ness loca­ti­ons in Ham­burg. About 800 com­pa­nies have their regis­tered offices here. Once a working-class neigh­bour­hood, Ham­mer­brook is known for its water­ways, inclu­ding canals, a flood basin and the small River Bil­le, and for its vibrant cul­tu­ral sce­ne.

Press contact

We are happy to answer press enquiries. Please send us a message.