95% of the apartments are already leased / MMI co-founder and shareholder of IC
October 2014 – International Campus AG (IC) has opened “THE FIZZ Berlin”. The student residence located on Köpenicker Straße in Berlin City Center is a joint venture with the Gädeke & Sons Group, a family-run investment business based in Berlin.
Over 95 per cent of the 212 high-quality, fully furnished one- and two-room apartments across six floors have already been leased. The apartments are 21 m2 on average and are equipped with kitchenette and modern bathroom. “THE FIZZ Berlin” offers a number of community spaces, including seminar rooms, cooking area, lounge and laundry room.
According to Gädeke & Sons, the segment student housing is very attractive to investors and private equity, since it has massive, untapped potential in the capital market. There is a huge demand for compact, well-designed and fully equipped residential property among students and young professionals.
Berlin is the third “THE FIZZ” location for International Campus AG. Further student residences are currently being built in Darmstadt, Hamburg, Hanover, and in Frankfurt.
MMI is co-founder and shareholder of International Campus AG. MMI´s Managing Partners Rolf Engel and Frank Christ are board members of IC. Rolf Engel is chairman of the board.