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International Campus acquires three properties in Hamburg

International Campus acquired three properties in central Hamburg where four apartment buildings with more than 1,300 apartments are to be built for students and young professionals. The newly acquired properties have a combined size of 10,600 square metres and are located at Holstenwall, Rödingsmarkt and Adenauer Allee / Steindamm. They are part of the HASPA portfolio, which was acquired in 2014 by a joint venture between the Becken Group in Hamburg and Castlelake. The total investment volume is more than €200 million. Horst Lieder, CEO of International Campus AG, commented: “With this acquisition, we are continuing with our expansion in the fast-growing major city of Hamburg as planned and at a fast rate. The acquired properties are...[…]