International Campus Group (IC) has purchased a new student residence in Leiden, the Netherlands. The seller is Niersman Project Development. The conveniently located property will consist of two buildings connected by a bridge and containing a total of 394 residential units, tailored community spaces and a community garden. The project will incorporate the latest in sustainable design and green building technology. Kokon Architectuur & Stedenbouw has designed the building with solar panels, a rainwater collection system, a heat pump and a roof planted with sedum. The start of construction is scheduled for early 2022, with completion to take place by the end of 2023.
Rogier Hetterschijt, Head of Acquisitions for the Netherlands at International Campus Group, noted: “THE FIZZ Leiden is well designed, has a great variety of rooms of different sizes, is highly sustainable, and has an abundance in amenities. The asset is well-connected to the city centre, Leiden Central Station, Leiden Bio Science Park and Leiden University. The Leiden student market is characterised by a huge shortfall in suitable student housing and the shortages are expected to increase further over the coming years. With this asset, we can cater to the high demand for next-generation student housing in the City.”
"Although Leiden is only our second student residence in the Netherlands, International Campus is making significant future investments in the Netherlands to address the significant undersupply of residential offerings for both students and professionals”, said Michael Stapf, Chief Investment Officer at International Campus Group. "We are also looking at least two other new opportunities in the market, which we hope to announce in the coming months”.
