First THE FIZZ Munich

SIGNA Real Estate sells a completed project development in Munich to International Campus

THE FIZZ Munich with over 200 student apartments opens in time for the summer semester

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THE FIZZ now also has a presence in Bavaria’s capital: Inter­na­tional Campus GmbH (IC), which specia­lises in tempo­rary living concepts for students and profes­sio­nals, has acquired a recently completed project develo­p­ment for student apart­ments in Munich from SIGNA Real Estate, compri­sing a new turnkey nine-storey building and an existing five-storey building with a total of 234 apart­ments. The premises have been opened in time for the 2021 summer semester.

This is the second successful transac­tion between the two compa­nies in quick succes­sion. Just a few weeks ago, SIGNA was able to announce the sale of a compa­rable property to IC in the city of Aachen.

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The Haneberg­straße 2 building ensemble in the Nymphen­burg district offers modern, fully furnished apart­ments with up to 40 m² of living space, inclu­ding a kitchenette and bathroom, on a total area of over 9,000 m². To imple­ment THE FIZZ’s typical commu­nity concept, IC is building study rooms accor­ding to its own designs, a large communal kitchen and a two-storey multi­func­tional room with gallery, which can be used as a movie or gaming lounge or – once the pandemic has run its course – as a party location.

A number of apart­ments for profes­sio­nals are also planned in the existing building. These apart­ments also have their own exclu­sive common areas such as a small confe­rence room, a kitchen and a lounge to relax. The 1,000 m² commer­cial space has been leased by a Telekom subsi­diary for several years. There are 37 under­ground and nine outdoor parking spaces for cars. The parties have agreed not to disclose the purchase price.

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The Nymphen­burg district, not far from the Olympia­park, offers tradi­tional beer gardens, spacious parks and a large selec­tion of restau­rants. The popular night­life district of Maxvor­stadt is just a ten-minute bike ride away, and the major univer­si­ties with over 85,000 enrolled students are within a radius of 3.5 kilome­tres.

Munich has over 130,000 students, of which around 26,000 come from abroad, and these numbers continue to rise. “In this city with its extreme housing shortage, we offer modern apart­ments with spacious common areas for both German and inter­na­tional students. The house manage­ment is prepa­ring a smooth start for our inter­na­tional guests in this attrac­tive city and offers numerous additional services for residents. We’re planning for additional apart­ments in Munich through the acqui­si­tion or conver­sion of hotels or old office buildings,” explains Michael Stapf, Chief Invest­ment Officer of Inter­na­tional Campus GmbH.

“In this challen­ging market environ­ment, we’re delighted to have completed another one of our urban living projects,” said Tobias Sauer­bier, Managing Director of SIGNA Real Estate. “It’s our second sale to Inter­na­tional Campus in quick succes­sion. Something like this can only be accom­plished when there is a high level of trust between the respec­tive parties.”

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About SIGNA Real Estate

SIGNA Real Estate has been develo­ping and managing excep­tional real estate projects in central locations in Germany and Austria for over 20 years. An experi­enced team of real estate experts manages all activi­ties from a project’s acqui­si­tion to its comple­tion, and it meets the highest standards with regard to profi­ta­bi­lity, techno­logy and sustaina­bi­lity. Relia­bi­lity, fairness and comple­tion on schedule are at the forefront of the team’s coope­ra­tion with project partners. These values make SIGNA a respected partner, and they are anchored in the philo­sophy of the company, which was founded by René Benko.

Its portfolio includes the KaDeWe and the Upper West Tower by the Gedächt­nis­kirche in Berlin, the specta­cular Elbtower highrise project in Hamburg’s Hafen­City, the premium Alster­haus depart­ment store in Hamburg and the Oberpol­linger and the Karstadt develo­p­ment project near Munich’s central train station. In Austria, the outstan­ding portfolio proper­ties include the premium Park Hyatt Vienna hotel and the Goldenes Quartier business district.

With these projects, SIGNA is making important contri­bu­tions to the develo­p­ment of cities. SIGNA doesn’t just concen­trate on indivi­dual proper­ties; it recon­cep­tua­lises topics such as inner city develo­p­ment, sustaina­bi­lity, variety of utili­sa­tions, networ­king and mobility. For liveable cities – for all of us.

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Contact

Sebas­tian Schmidt

s.schmidt@signa.de

+49 30 700 108 900

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