MPC Capital to develop 3rd micro-living scheme in Germany

MPC Capital is to develop 387 micro-living apartment in the south-western German town of Kaiserslautern.

The Hamburg-based asset and investment manager will offer the small-but-central accommodation concept Under its Staytoo brand focused on university towns in Germany.

Some 17,000 students attend the University of Technology and the University of Applied Sciences in Kaiserslautern, which is located in the southern part of Rhineland-Palatinate. The town is also home to several Fraunhofer Society institutes, the Max Planck Institute for Software Systems, the Business + Innovation Center and a number of IT companies.

'In addition to university students, our project focus is expressly on young professionals and commuters working in Kaiserslautern, a city dubbed "Silicon Woods" as one of Germany's technology hubs,' said Rainer Nonnengässer, head of the Micro Living division at MPC Capital. 'The apartments will accommodate the living expectations of the ‘'Millennials'’ generation. Bespoke living comfort paired with social connectivity are the cornerstones of these ambience-conscious tenants.'

The apartments will be built on a gross building area of 12,279 m2 with completion due in the summer of 2017. Like the other Staytoo properties, the new scheme will offer a reception area, a laundromat, and common areas for socialising.

This is the third Staytoo project to be developed by MPC in partnership with Danish investor Sparinvest Property Investors. The other two schemes are in Bonn and Nuremberg.