Student housing in The Netherlands

International Campus AG and Stichting DUWO cooperate on student
houses and studios for young professionals in The Netherlands

• Dutch Minister of Housing Stef Blok was present at the signing of the coope­ra­tion agree­ment
• The coope­ra­tion covers the finan­cing and develo­p­ment of new student houses and
  studios for young profes­sio­nals in the Nether­lands
• Inter­na­tional Campus plans to invest in an portfolio of five buildings with a total of
  2,250 apart­ments as part of a Luxem­bourg-based fund focusing on invest­ments in the
  Nether­lands 

Inter­na­tional Campus AG, the German specia­list of student
housing, and the Dutch market leader of student housing, Stichting DUWO, have agreed on a
coope­ra­tion. The Dutch Minister for Housing, Stef Blok, was present at today’s signing of the
coope­ra­tion agree­ment by Jan Benschop, CEO of Stichting DUWO, and Rolf Engel, Chairman of the
Super­vi­sory Board of Inter­na­tional Campus AG, at the Holland Property Plaza Sympo­sium in
Amsterdam.

Under the coope­ra­tion agree­ment, Inter­na­tional Campus will act as investor and co-developer of
the student apart­ments, while DUWO will be in charge for their subse­quent opera­tional
manage­ment. Wouter van den Eijnden is the Managing Partner of IC Nether­lands B.V., a
subsi­diary of Inter­na­tional Campus AG, that will finance the initial portfolio of five proper­ties
consis­ting of 2,250 apart­ments to be developed in coope­ra­tion with DUWO. The two compa­nies
also plan to coope­rate in the area of studios for young profes­sio­nals and postgra­duates.

Jan Benschop, CEO of Stichting DUWO: “DUWO’s aim is to create good and affordable housing for
students. If we don’t act now, there will be a shortage of 28,000 student apart­ments in the
Nether­lands by 2020. That is why we are happy about the coope­ra­tion with Inter­na­tional Campus.
It allows us to build new living space for students and continue to develop our housing concepts.”

Wouter van den Eijnden, Managing Partner of IC Nether­lands: “This coope­ra­tion with the leading
provider of student living spaces in the Nether­lands is very advan­ta­geous for both parties. DUWO
is creating urgently needed living space for students, while we will concen­trate on finan­cing and
develo­ping innova­tive apart­ment buildings for students and studios for young profes­sio­nals.”

Horst Lieder, CEO of Inter­na­tional Campus AG, explained: “The Nether­lands is a very attrac­tive
market. The demand for small living spaces will remain high in the long term in a large number of
cities.” Lieder added: “With this coope­ra­tion, Inter­na­tional Campus will embark on its first
inter­na­tional activity as an investor and developer. This joint venture is an important milestone in
the process of focusing the atten­tion of insti­tu­tional inves­tors on the asset class of student
accom­mo­da­tion.”

The Nether­lands has more than 660,000 students at 13 state univer­si­ties and 38 technical
univer­si­ties (as at the end of 2012). In the 2013 academic year around 53,100 young people
embarked on Bachelor’s or Master’s degree courses in the Nether­lands.