TPG Real Estate Partners (TREP) and Round Hill Capital have launched Home & Co, a new student living concept in Germany. The new brand represents the next strategic step for the platform, following the initial acquisitions and successful stabilization of the portfolio over the past two years. Under the Home & Co brand, TREP, Round Hill Capital, and company management will operate 15 properties, including more than 2600 units, in major cities across Germany.
The platform was developed by TREP and Round Hill Capital in partnership with Round Hill Capital’s student operating platform, Nido Student. Home & Co is led by Vincent Steigenberger, previously asset manager at Round Hill Capital, and Enis Bayik, previously responsible for Nido Student Germany. Round Hill Capital will continue to provide development management services to support both refurbishment and ground up development expansion. Built to meet the needs of millennials and Gen-Z audiences alike, Home & Co will place community and quality design at the heart of its operations to foster inclusive and multicultural spaces. Locations – the first of which are expected to be fully operational by January of 2023 – will offer a mix of stylish, fully serviced apartments and community areas. Home & Co is also investing in easy-to-use technology to offer digital access to its community, connecting residents to local start-ups, corporates, and the neighborhood more broadly.
“As technology continues to impact the world around us, the places and ways we live need to evolve too, but without losing the aspects that make a house a home,” said Steigenberger. “We are launching the Home & Co brand in response to continued, growing demand for modern, flexible, and quality living. We are excited to continue partnering with TPG and Round Hill Capital to position Home & Co as a leading player in the European student housing market.”
“With Home & Co, we are striving to create a global lifestyle brand centred around community, connectivity, and quality,” continued Bayik. “We are excited to work with TPG and Round Hill Capital to continue to grow our platform and build a brand that reflects these values.”
“Through Home & Co, we are focused on creating a diverse and dynamic ecosystem that attracts young people to cities and local neighbourhoods,” said Michael Abel, Partner at TREP. “We continue to see demand for high-quality, student living accommodations, and are pleased to be working closely with the Home & Co and Round Hill Capital teams to support the new brand.”
“Round Hill Capital are pleased to support TPG with the formalization of Home & Co as we remain invested in this exciting venture,” said George Craven, Head of Development at Round Hill Capital. “We will continue to contribute development and refurbishment projects through our own team, which will be a core component of the platform’s expansion plan in the coming years.”
