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.