Student accommodation specialist International Campus Group has completed the acquisition of Havens Living and the Fizz, a two-part apartment scheme with 700 apartments and separate entranceways for its residential formats.
The site, which as a whole has an area of 29,000 m2, is fully operational. Located at Wendenstrasse 14-16 / Sachsenstrasse 13 and featuring the kind of brick façade that is typical of Hamburg, the property divides into around 700 apartments, commercial units on the ground floor, a large number of car and bicycle parking spots in the basement and extensive community areas, including three roof terraces, several lounges and other attractive areas. It is LEED Gold certified.
'We’re glad we managed to open the Wendenquartier development on schedule. Just like Germany’s other Big 7 cities, Hamburg has an enormous need for residential accommodation, both on the regular housing market and on the housing market for the student and expat community,' explained Gawain Smart, CEO of International Campus Group. 'In response to the situation, we decided to open a multi-brand location in Hamburg. Every apartment added helps to ease the strain on the housing market of this business metropolis. The fact that apartment lettings got off to a good start demonstrates how strong demand for our concepts is in Hamburg.'
Prior to this latest project, International Campus already opened a complex of 777 apartments in Hamburg’s Altona district that integrates the same two formats, The Fizz and Havens Living.
