Greenberg Traurig advised International Campus Group (IC) on the acquisition of a portfolio of five student housing properties from Allianz Real Estate and CBRE Investment Management. The purchase is one of the largest transactions in the German-speaking student housing market for 2022. IC operates the acquired properties, with a total of nearly 1,900 beds and more than 73,000 square meters, under the THE FIZZ brand in Berlin, Darmstadt, Frankfurt am Main, Hanover, and Vienna. The parties have agreed not to disclose the terms of the transaction.
Greenberg Traurig advised IC comprehensively on all corporate and real estate aspects of the transaction.
Background:
The Greenberg Traurig team has advised IC on several transactions in the co-living and micro apartment sectors. Most recently on the acquisition of 1,100 micro apartments in Hamburg and Freiburg.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2500 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among the top firms on the Am Law 100, Am Law Global 100, and NLJ 250. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab and the Center for Resource Solutions Green-e® Energy program certifies that the firm’s U.S. offices are 100% powered by renewable energy. The firm is often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.