\u200d<\/p>\n
\u200d<\/p>\n
Sub\u00adject to the appr\u00adoval of anti\u00adtrust mer\u00adger con\u00adtrol, a pri\u00adva\u00adte real estate fund mana\u00adged by Brook\u00adfield Asset Manage\u00adment has secu\u00adred a con\u00adtrol\u00adling sta\u00adke in Inter\u00adna\u00adtio\u00adnal Cam\u00adpus Group, and will spon\u00adsor its future growth. The terms of the tran\u00adsac\u00adtion remain con\u00adfi\u00adden\u00adti\u00adal. Rolf Engel will con\u00adti\u00adnue to chair the super\u00advi\u00adso\u00adry board and the fund manage\u00adment. Horst Lie\u00adder, along with Rolf Engel foun\u00adder of Inter\u00adna\u00adtio\u00adnal Cam\u00adpus, will remain as CEO to gui\u00adde the expan\u00adsi\u00adon of the com\u00adpa\u00adny.<\/p>\n
Accor\u00adding to Horst Lie\u00adder, CEO of Inter\u00adna\u00adtio\u00adnal Cam\u00adpus AG, \u201cBrookfield\u2019s com\u00adpre\u00adhen\u00adsi\u00adve, long-term-ori\u00aden\u00adted com\u00admit\u00adment shows the gre\u00adat deal of trust pla\u00adced in the exper\u00adti\u00adse of Inter\u00adna\u00adtio\u00adnal Cam\u00adpus and the fur\u00adther growth poten\u00adti\u00adal for this seg\u00adment in Euro\u00adpe. We will use the fresh capi\u00adtal to expand and sca\u00adle our busi\u00adness model in Wes\u00adtern and Cen\u00adtral Euro\u00adpe, with an empha\u00adsis on Ger\u00adma\u00adny. Inter\u00adna\u00adtio\u00adnal Cam\u00adpus will con\u00adti\u00adnue to focus on its core pro\u00adducts of apart\u00adments for stu\u00addents and young pro\u00adfes\u00adsio\u00adnals.\u201d<\/p>\n
Com\u00admen\u00adting on the stra\u00adtegy, Lie\u00adder says, \u201cWe are curr\u00adent\u00adly ope\u00adra\u00adting, imple\u00admen\u00adting, or plan\u00adning a total of about 11,800 apart\u00adments in 33 loca\u00adti\u00adons in four count\u00adries. Our objec\u00adti\u00adve is to pene\u00adtra\u00adte the mar\u00adket fur\u00adther with around 20,000 units in the medi\u00adum-term. The stra\u00adtegy is gro\u00adwing our exis\u00adting busi\u00adness and to build up an on-balan\u00adce sheet real estate port\u00adfo\u00adlio of signi\u00adfi\u00adcant sca\u00adle. At the same time, we will con\u00adti\u00adnue to mana\u00adge our exis\u00adting funds. \u201d<\/p>\n
Zach Vaug\u00adhan, Mana\u00adging Part\u00adner and Euro\u00adpean real estate head at Brook\u00adfield, says, \u201cThe\u00adre is unmet demand for pur\u00adpo\u00adse-built stu\u00addent and young pro\u00adfes\u00adsio\u00adnal accom\u00admo\u00adda\u00adti\u00adon in Ger\u00adma\u00adny and Con\u00adti\u00adnen\u00adtal Euro\u00adpe. Alt\u00adhough this sec\u00adtor is rela\u00adtively nas\u00adcent, Inter\u00adna\u00adtio\u00adnal Cam\u00adpus is a mar\u00adket lea\u00adder and has the ope\u00adra\u00adting, sourcing and deve\u00adlo\u00adp\u00adment capa\u00adbi\u00adli\u00adties neces\u00adsa\u00adry to build a first-class insti\u00adtu\u00adtio\u00adnal port\u00adfo\u00adlio. We are exci\u00adted about this oppor\u00adtu\u00adni\u00adty and look for\u00adward to working with Inter\u00adna\u00adtio\u00adnal Cam\u00adpus on their ambi\u00adtious growth plans.\u201d<\/p>\n
Brook\u00adfield Asset Manage\u00adment is lis\u00adted on the NYSE, TSX and Euron\u00adext and has more than 230 bil\u00adli\u00adon euros of assets under manage\u00adment in 30 count\u00adries over\u00adseen by around 70,000 employees. In Ger\u00adma\u00adny, Brook\u00adfield and other part\u00adners purcha\u00adsed Pots\u00adda\u00admer Platz in Ber\u00adlin, inclu\u00adding 16 buil\u00addings, ten streets, and two squa\u00adres at the end of 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"
the appr\u00adoval of anti\u00adtrust mer\u00adger con\u00adtrol, a pri\u00adva\u00adte real estate fund mana\u00adged by Brook\u00adfield Asset Manage\u00adment has secu\u00adred a con\u00adtrol\u00adling sta\u00adke in Inter\u00adna\u00adtio\u00adnal Cam\u00adpus Group, and will spon\u00adsor its future growth. The terms of the tran\u00adsac\u00adtion remain con\u00adfi\u00adden\u00adti\u00adal. Rolf Engel will con\u00adti\u00adnue to chair<\/p>\n","protected":false},"author":1,"featured_media":534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[46,10],"tags":[],"class_list":["post-1625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-munich-london","category-news"],"_links":{"self":[{"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/posts\/1625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/comments?post=1625"}],"version-history":[{"count":0,"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/posts\/1625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/media\/534"}],"wp:attachment":[{"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/media?parent=1625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/categories?post=1625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-campus.com\/en\/wp-json\/wp\/v2\/tags?post=1625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}