Hanover — work starts

Work starts on International Campus AG student residence
building in Hanover

• A new student accom­mo­da­tion in central location with 303 single and double apart­ments
• Opening of “THE FIZZ Hannover” scheduled for summer semester 2015
• Appro­xi­mate invest­ment volume €24.5 million

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Construc­tion work began in Hanover on a new student
residence building for Inter­na­tional Campus AG. A total of 303 single and double
apart­ments are being built on a 3000 m² site in the Nordstadt district of the city.
Inter­na­tional Campus has taken over the new build project from a local partner at an
advanced stage of develo­p­ment. The planed date for comple­tion is the summer
semester of 2015. The apart­ment building on the corner of Weiden­damm and
Am Kläperberg repres­ents an invest­ment volume of around €24.5 million.

Horst Lieder, CEO of Inter­na­tional Campus AG: “The first ground-breaking marks the
start of construc­tion of our new student residence building in the centre of Hanover.
By the summer semester of 2015 there will be over 300 new high quality single and
double apart­ments, which will ease the tight student housing market in the
prospe­rous state capital.” Lieder added: “We are inves­ting in Hanover because we
have found here excel­lent precon­di­tions for a long-term and successful engage­ment
in student housing. Lower Saxony’s capital city has a very attrac­tive univer­sity
environ­ment, in the future there will still be a high demand for small-scale residen­tial
accom­mo­da­tion with a useful mix of services.”

Inter­na­tional Campus will operate the student residence building in the Nordstadt
district of Hanover under the brand name of “THE FIZZ”. The building, which has a
maximum of seven storeys, will be built to the same quality standards as others of

the brand. The archi­tec­tural firm of Schneider + Sendel­bach of Bruns­wick was
respon­sible for the design up to planning permis­sion. The main contractor is Köster
Bau GmbH of Osnabrück. An average-sized apart­ment will be about 22 m² and be
fully furnished. “THE FIZZ Hannover” is located close to the Gottfried Wilhelm Leibniz
Univer­sity, the teaching hospital Klinikum Hannover Nordstadt and the Max Planck
Insti­tute. The S‑Bahn station “Nordstadt” and the tram station “An der Stran­griede”
are within a few minutes’ walking distance. The capital of Lower Saxony has
appro­xi­m­ately 39,800 students studying in the city (winter semester 2012/13).