International Campus Group (IC), a developer and operator of student and urban living concepts in Europe, has acquired a planned student apartment development in Berlin-Friedrichshain, Germany, from QUARTERBACK Immobilien.
The property will extend over a gross floor area of nearly 15,000 square meters (161,500 square feet), providing space for 350 apartments with 380 beds, along with generously proportioned community areas, including a shared kitchen, a coworking lounge, a gaming room and attractive outside facilities.
Construction work will kick-off in March 2022 and is scheduled to conclude by the summer of 2025.
“What fascinated us about the site on Markgrafendamm is the location: Hotspots like the East Side Gallery and the ‘Badeschiff’ floating pool lie within easy walking distance, the same being true for the bank of the River Spree, the shore of Rummelsburger Bucht and the parklands of Treptower Park,” said Michael Stapf, CIO of IC. “The rapid tr