IC expands into CEE


International Campus expands into CEE and acquires project development in Prague

  • Modern resi­den­ti­al buil­ding “THE FIZZ Pra­gue” offers 529 apart­ments for stu­dents with 71 under­ground par­king spaces
  • Joint ven­ture with Czech pro­ject deve­lo­per Kar­lín Group
  • Ope­ning sche­du­led for Q1 2020

Inter­na­tio­nal Cam­pus AG, a spe­cia­list in micro-living pro­ducts, is con­ti­nuing its growth in Euro­pe and expan­ding into the Czech Repu­blic. In a joint ven­ture with the Czech pro­ject deve­lo­per Kar­lín Group, Inter­na­tio­nal Cam­pus has acqui­red a pro­ject deve­lo­p­ment in the Holešo­vice dis­trict of Pra­gue with 529 high-qua­li­ty apart­ments for stu­dents. It has been agreed not to dis­c­lo­se the purcha­se pri­ce. The buil­ding that is to beco­me “THE FIZZ Pra­gue” will have a gross flo­or area abo­ve ground level of 16,529 squa­re met­res over eight flo­ors. The ope­ning is plan­ned for the first quar­ter 2020.

Inter­na­tio­nal Cam­pus and Kar­lín Group each hold 50 per­cent in the joint ven­ture. On com­ple­ti­on of the pro­per­ty by Kar­lín Group, Inter­na­tio­nal Cam­pus will acqui­re its partner’s share of the joint ven­ture and place the pro­per­ty in a dedi­ca­ted spe­cial fund for insti­tu­tio­nal inves­tors.

Horst Lie­der, CEO of Inter­na­tio­nal Cam­pus AG, said: “Our first acqui­si­ti­on in Pra­gue sees us con­ti­nuing our Euro­pean expan­si­on at a rapid pace. This is our first step to the Czech Repu­blic, and we are taking it tog­e­ther with our expert local part­ner. Tog­e­ther, we intend to crea­te 2,500 attrac­ti­ve apart­ments for stu­dents in Pra­gue in the medi­um term. We are also in the pro­cess of acqui­ring addi­tio­nal pro­per­ties in

Cen­tral and Cen­tral Eas­tern Euro­pean hot spots.”

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