BSB Baubetreuung und Bauträger will soon start with the construction of the fourth major project for student housing in Hanover. "In the city of Hanover we can provide 306 new apartments to approximately 35,000 students from the winter semester 2013 at the Hanover University ," said Jürgen Schnuelle, CEO of BSB.
BSB Baubetreuung und Bauträger will soon start with the construction of the fourth major project for student housing in Hanover. "In the city of Hanover we can provide 306 new apartments to approximately 35,000 students from the winter semester 2013 at the Hanover University ," said Jürgen Schnuelle, CEO of BSB.
BSB plans a global sale of the devlopment and will talk to interested investors in the segment on student housing from now on. The investment is worth around € 21 million. In addition, BSB is currently developing additional projects due to a portfolio of approximately 1,000 apartments in northern Germany.
The need in student housing in Germany is incredibly high, so investors are most eager to acquire. The administrator managers have also recognized that and provide "carefree packages" - from commercial to technical management, including a performance-based rental services. Thus, the investor can relax safely and enjoy the attractive return.
As the GBI AG said on Monday at the Expo Real in Munich, more and more apartments in this asset class are also rented out to "in training" standing interested persons, as recently done in Hamburg with a share of 40 %. This is further indication, that the second-and-third-party use of this new asset class shows radical possibilities already.
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