German student housing firm International Campus has agreed to acquire 364 units under development in Amsterdam.
German student housing firm International Campus has agreed to acquire 364 units under development in Amsterdam.
The deal was signed with developer Van Wijnen at the Provada real estate fair in Amsterdam this week. The financial details were not disclosed.
The project is located on Ijburglaan on Zeeburger island in the Dutch capital. Hamburg-based International Campus joins the project as co-developer and investor.
Last year, International Campus acquired a portfolio of five buildings with 2,250 student residential units in Amsterdam for €150 mln. The deal was part of a joint venture with Dutch student home operator Stichting Duwo.
All the Dutch assets are held by Luxembourg-registered fund, IC Netherlands.
