KWR acted as advisor to International Campus Group (IC) in the acquisition of a real estate portfolio of five student residence buildings in Germany and Austria.
In this context, KWR supported the client in the Austrian transaction (including financing) to acquire THE FIZZ Vienna Brigittenau (a building housing 632 flats). The closing took place in December 2022 and was one of the highest volume transactions in the German-speaking student housing market last year.
IC is one of the biggest investors, developers and operators of student and urban housing concepts in Europe. The acquisition of the student housing portfolio in question, with almost 1,900 beds, is a significant milestone for IC as it allows the company to further expand its market presence. In Austria, IC now owns and operates two student housing properties under the THE FIZZ brand (Vienna Brigittenau and Vienna Central Station).
"We have been providing comprehensive legal services to the International Campus Group in Austria for several years and are pleased to have been able to support them in this transaction," said KWR partner Jan Philipp Schifko.
The KWR team was led by Jan Philipp Schifko and Caroline Lessky, attorney-at-law (both from the Real Estate team). Further support for transaction and financing were brought to the table by partners Gerold Wietrzyk and Thomas Haberer (Corporate / M&A), Arno Cichocki, attorney-at-law (Corporate / M&A) and associates Kilian Bock, Florian Fiala (both from the Real Estate team) and Armin Zarghami (Corporate / M&A).