Brookfield takes over International Campus

A real estate fund managed by Brookfield Asset Management has secured a controlling interest in European student housing firm International Campus Group.

“We will use the fresh capital to expand and scale our business model in Western and Central Europe with a focus on Germany. International Campus will continue to focus on core student and young professional apartments,” said Horst Lieder, CEO of International Campus AG.

Rolf Engel will continue to chair the Supervisory Board and be responsible for the fund business. Lieder, together with Engel, founder of International Campus, is managing the corporate expansion as CEO.

“Our goal is a deeper penetration of the markets and, in the medium term, around 20,000 units in Europe. Our strategy is to further expand the existing business and build up a comprehensive balance sheet real estate portfolio. In addition, we will continue to manage our existing funds,” said Lieder.

The International Campus Group