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International Campus takes on some Fizz

Anna Pakulniewicz 20 February 2018

Anna Pakulniewicz

Journalist

+48 22 356 25 07
anna@eurobuildcee.com

Ania covers the Baltic states’ real estate markets, architecture and urban planning in Warsaw as well as interior design. She is also the co-founder of Eurobuild TV. Among others, she has been employed by TVN CNBC, PAP Insider, WBJ (The Observer), Poland Monthly and IMM. She graduated from the Warsaw School of Economics, majoring in international relations. She has also completed postgraduate studies in macroeconomic analysis. In addition to this, she studied Lithuanian philology

International Campus takes on some Fizz
Photo: Karlín Group
CZECH REPUBLIC International Campus has acquired a 50 pct stake in a joint venture with the Karlin Group to develop The Fizz Prague residential project, which will provide student housing with 529 apartments and 71 underground parking spaces in the city of Prague’s Holešovice district. The financial details of the deal have not been disclosed.

The Fizz Prague building will have eight storeys and a gross floor area above ground level of 16,529 sqm. The opening is planned for the first quarter 2020.

On completion of the property development by Karlín Group, International Campus will acquire its partner’s share of the joint venture and place the property in a dedicated special fund for institutional investors.

“Our first acquisition in Prague sees us continuing our European expansion at a rapid pace. This is our first step to the Czech Republic, and we are taking it together with our expert local partner. Together, we intend to create 2,500 attractive apartments for students in Prague in the medium term. We are also in the process of acquiring additional properties in Central and Central Eastern European hot spots,” said Horst Lieder, the CEO of International Campus.

“We have spent a few years studying such projects in other countries, and we have also acquired know-how by actively participating in the Class of 2020, an international network of student-housing operators, investors, and developers,” added Serge Borenstein, the president of Karlín Group.

The development is situated close to a metro station and is 20 minutes away from university by public transport. The property has spacious communal areas with kitchens, a rooftop terrace with a barbecue area, two movie rooms, outdoor sports areas, a large multi-function hall, study rooms, a fitness area, a bicycle rental point and a publicly accessible restaurant on the ground floor. All the apartments will have high speed internet access.

The Czech capital has around 146,000 students enrolled at 34 universities and colleges. Around 25,000 of these come from abroad.

Munich-based International Campus is a developer, investor and operator of student housing and micro-apartment buildings in Germany, the Netherlands and Austria. The company is also an asset manager for institutional investors.


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