March 11, 2021
International Campus GmbH (IC), a company specialising in temporary housing concepts, has acquired a vacant office building and an adjacent residential property in Frankfurt. The buildings measure a total of more than 10,600 m2 and will be used for the creation of 144 apartments under brand HVNS (derived from "havens"). With its living concept, HVNS is specifically geared towards professionals. In addition to the fully furnished, modern apartments ranging from 26 to 50 m2 with kitchen and bathroom, tenants can use the facility's own gym and coworking area. The common areas can be used free of charge by tenants, their friends and acquaintances. Plans have also been made for a bar and a roof terrace to allow for relaxing evenings. In addition, there are some XL apartments available with an average size of 105 m².
The seven-storey office building, which is to be converted to residential use, and the adjacent residential property are located at Voltastraße 81 in Bockenheim, one of the most central residential districts in the banking metropolis. The central station and the Central Business District, where many banks, consultancies, insurance companies and international firms are located, are only a few minutes away by tram. HNVS is perfectly located for professionals who are looking for a first or second residence with a short commute to work.
"As part of our growth strategy, we operate very flexibly: from buying a plot of land and subsequently developing an apartment building, to purchasing turnkey properties from other developers or even converting office properties — thanks to our expertise, anything is possible”, says Gerold Springer, Director Acquisition at IC.
The complex, which includes 81 parking spaces, is scheduled for completion in the second half of 2022. The conversion works are due to start in summer this year.
The International Campus Group is one of the leading platforms for Student Housing and Micro Living in Germany and Northern Europe. International Campus counts among the pioneers of this asset class and has been active for more than a decade as developer, investor, asset manager and operator of innovative apartment houses. While the brand “THE FIZZ” focuses on students, the “HVNS” brand, pronounced “havens,” is aimed at urban professionals. At the moment, the International Campus Group has around 6,000 beds under construction or in operation. The goal is to build up a proprietary real estate portfolio of 15,000 to 20,000 beds in Northern Europe by 2025. Headquartered in Berlin, the International Campus Group employs around 150 staff.