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Patrizia acquires student accommodation development in Hamburg

Patrizia Immobilien AG has acquired the development project for a new student residence in Hamburg. A new building with 141 modern and fully furnished residential units is being built in the district of Othmarschen under the banner Campus Hamburg. “The demand for student living space in Hamburg – its approximately 100,000 students making it the third-largest university city in Germany after Berlin and Munich – is enormous and outstrips supply,” says Philipp Schaper, Group Head of Transactions at Patrizia. “This is an excellent investment opportunity,” he adds. The seller is Kapitalpartner Gruppe; both sides have agreed to keep the selling price confidential.The completion of the „Campus Hamburg“ student accommodation is plan...[…]