SIGNA sells student apartments to International Campus Group
SIGNA has sold a project development for student apartments in Aachen with completion to the International Campus Group (IC). A total of 165 apartments on a gross floor area of around 5,700 m² were recently completed at Kasernenstrasse 16 in Aachen, with apartment sizes varying between 18 and 32 m². The new building was handed over to International Campus a few days ago and thus in time for the opening of the summer semester 2021.
“Student apartments continue to be coveted investments,” says Tobias Sauerbier, Managing Director of SIGNA Real Estate. “Apartments tailored to the needs of students are in great demand, particularly with regard to strained housing markets like Aachen.”
“When it comes to university cities in particular, living space comes at a premium. We’re convinced that our new property in optimal locations in Aachen will enjoy high demand. Our new apartments, with communal areas for cooking, studying and gaming, will be available in time for the 2021 summer semester. At THE FIZZ, students will also benefit from an active community, common rooms, a variety of other services and an infrastructure perfectly aimed at students,” explains Michael Stapf, Chief Investment Officer of the International Campus Group.
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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