IC opens THE FIZZ Berlin

International Campus AG opens student residence “THE FIZZ Berlin” 

• Next student accom­mo­da­tion opens in Berlin’s Mitte district, follo­wing the apart­ment houses in Bremen and Freiburg
• 95 per cent of the 212 one- and two-room apart­ments already leased
• The next property in the Inter­na­tional Campus pipeline, “THE FIZZ Frank­furt”, set to open its doors in the first quarter of 2015 

Inter­na­tional Campus AG has opened “THE FIZZ Berlin”. The student residence on Köpeni­cker Straße in Berlin’s Mitte district is a joint venture with the Gädeke & Sons Group. Over 95 per cent of the 212 high-quality, fully furnished one- and two-room apart­ments across six floors have already been leased, several weeks before the semes­ters at Berlin’s univer­si­ties begin. On average, the apart­ments are 21 square metres in size and are equipped with a kitchenette and a modern bathroom. 

Horst Lieder, CEO of Inter­na­tional Campus AG: “This is further testa­ment to the fact that we are on the right path with our “THE FIZZ” concept and product. We are right on the button with the latest trends.” Lieder conti­nues: “Our location on Köpeni­cker Straße in the city centre of Berlin is very up-and-coming; there’s a lot going on here. We would love to extend our develo­p­ment exper­tise to the adjacent site, the former “Eisfa­brik” area. We already have a number of specific usage concepts sustainable over the long term.” 

“THE FIZZ Berlin” is located at the heart of Berlin and offers a number of commu­nity spaces, inclu­ding seminar rooms, a cooking area, a lounge as well as a laundry room. A house coordi­nator makes sure every­thing runs smoothly and safely. The all-in rents, which include electri­city, heating, water, furnis­hings, internet access, use of commu­nity spaces and all ancil­lary charges, start at €495 per month. 

Felix Gädeke from the Gruppe Gädeke & Sons: “The segment student housing has massive, untapped poten­tial in the capital. Demand for compact, well-designed and fully equipped residen­tial property is huge among students, but also among young profes­sio­nals and commuters. That’s why student residency is so attrac­tive to inves­tors and the private equity segment, not just in Berlin but across all of Germany’s metro­po­lises.” 

Berlin’s four univer­si­ties, three art acade­mies, seven univer­si­ties of applied sciences and several-dozen private acade­mies host a total of 164,728 young people. Three of Berlin’s four univer­si­ties are “Univer­si­ties of Excel­lence”. Roughly 16 per cent of students come to Berlin from abroad. Halls of residence in the German capital offer accom­mo­da­tion for 9,411 students. 

After Bremen and Freiburg, Berlin is the third “THE FIZZ” location for Inter­na­tional Campus AG. Further student residences are currently being developed in Darmstadt, Hamburg, Hanover, Frank­furt II and Frankfurt’s Gallus district, which is set to open in the first quarter of 2015.