MPC Capital AG is expanding its micro-living strategy with the development of two new schemes in Mainz and Hamburg. The company has unveiled plans to invest close to €50m in the two locations on behalf of its institutional investors.
Upon completion, the scheme in Mainz will include a student hotel with around 370 rooms. The site is located in Issac-Fulda-Allee, immediately next to the universities and the Opel Arena. The completed asset will also enable shorter stays and offer space to tourists and young professionals as well as students. The young, lively design and living concept will be complemented by sharing offers, fitness and lounge areas as well as a restaurant and bar. Construction is due to start at the beginning of 2019 and completion is scheduled for 2020.
In Hamburg, MPC Capital will be developing a full-serviced apartment building for young professionals. The scheme will be located in the Winterhude district. Centrally located between Hamburg's scenic Stadtpark and the lively centre of Winterhude, the project will offer accommodation for young people who want to live and work in a lively urban environment. Construction of the scheme is scheduled for mid-2019 and practical completion is planned for 2020.
Rainer Nonnengasser, Managing Director of MPC Micro Living Development: "With the completion of the two new projects in Mainz and Hamburg, we are taking the concept of living in a small space a step further. Our properties reflect the contemporary wishes and requirements of young people who are studying or have just entered the professional world. We strive to find a balance between flexibility and individuality as well as between the increasing sharing trend and the desire for privacy".