International Campus

What International Campus does

International Campus GmbH is a Munich-headquartered, privately held real estate investment, development, and operating platform founded in 2011, focused on purpose-built, fully furnished rental housing for student and young-professional urban tenants across Europe. The company runs two distinct consumer brands — THE FIZZ, serving students, apprentices, and learners in university cities, and HAVENS LIVING, serving expats, commuters, job starters, and remote workers with flexible all-inclusive urban living — and combines in-house development with portfolio acquisitions (notably a five-asset, ~1,900-bed package from CBRE Investment Management in January 2023 and the November 2022 THE FIZZ Bremen acquisition).

The business model is a vertically integrated, direct-to-tenant furnished rental operation: tenants lease individual apartments on monthly recurring terms (up to 12 months) with all-inclusive pricing that bundles rent, utilities, internet, community events, co-working space, and ancillary services (parcel management, premium appliances). Demand generation is conducted through three owned consumer websites (ic-campus.com, the-fizz.com, havens-living.com), paid SEM, branded social channels, and university referral relationships, with no intermediary listing dependence. Operational scale comprises approximately 6,800 apartments (7,000+ beds) in operation and 700 in development across 20 locations in Germany, Austria, the Czech Republic, and the Netherlands, supported by a workforce of roughly 170.

Capital structure is anchored by a €313 million portfolio debt facility completed in October 2025 with BNP Paribas and Société Générale, secured against seven THE FIZZ and two HAVENS LIVING properties. No equity funding rounds, parent company, controlling shareholder, or institutional investor stakes are disclosed in the input. The company reports 99% portfolio occupancy and has collected multiple sector awards (German Design Award 2024, SO!APART 2024, Global Student Living Best Booking Experience 2023, Coliving Award 2021, Best of Realty 2020) validating both brand and design execution.

Name

International Campus

Legal name

International Campus GmbH

Website

https://ic-campus.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

International Campus is a Munich-based, privately held real estate developer and operator of furnished student housing (THE FIZZ) and urban professional rentals (HAVENS LIVING) across Germany, Austria, the Czech Republic, and the Netherlands, managing roughly 6,800 apartments under a direct-to-tenant, all-inclusive rental model.

Ownership category

akta.pro rank

Product category

Student Housing

NAICS

Educational Services (611)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

International Student Housing Placement & Management (BPAJAJAL)

akta.pro secondary industries

University Dorms & Affiliated Summer Housing (THAMAGAA), Temporary Arrival Housing (Hotels/Hostels/Serviced Apartments for Students) (EDAIALAG)

Keywords

• Student housing
• Furnished apartments
• Urban living
• Coliving
• Real estate development

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Apartment Rental: Monthly rental income from furnished student apartments and urban living units. Revenue generated through all-inclusive rental prices that include utilities, internet, and community services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

International Campus is a German real estate company that develops, invests in, and operates furnished student apartments and urban living concepts across European cities. The company functions as an investor, developer, portfolio holder, and operator through two distinct sub-brands: THE FIZZ (student housing) and HAVENS LIVING (furnished urban apartments for young professionals and expats).

Product overview

International Campus operates two distinct student housing and urban living sub-brands. THE FIZZ serves students, apprentices, and young learners across Germany, Austria, Czech Republic, and the Netherlands with fully furnished apartments in university cities. HAVENS LIVING targets young professionals, expats, and remote workers with urban furnished living concepts featuring co-working spaces and flexible lease terms. The company operates approximately 6,800 apartments in operation and 700 in development across 20 locations in Europe, combining investment, development, and operations for sustainable real estate management.

Differentiator

Problem solved

Functional benefit

Brands

• THE FIZZ: Student housing brand for students, apprentices, and other learners. Located in Aachen, Berlin, Bremen, Darmstadt, Frankfurt/Main, Freiburg, Hamburg, Hannover, Munich, Prague, and Vienna.
• HAVENS LIVING

Products and services

• THE FIZZ
• HAVENS LIVING

Quantifiable outcome

• 99% occupancy rate achieved in existing portfolio
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• MieleminorOthersPremium appliance supplier for furnished apartments and communal kitchen areas.
• CBREcoreImplementation/ SI/ Consulting PartnerCBRE provided Valuation & Technical Due Diligence services for the €313 million portfolio financing transaction.
• EYcoreImplementation/ SI/ Consulting PartnerEY provided tax advisory services for the €313 million portfolio financing transaction.
• Marsh McLennanminorImplementation/ SI/ Consulting PartnerMarsh McLennan provided Insurance Due Diligence services for the portfolio financing.
• Gibson DunncoreImplementation/ SI/ Consulting PartnerLegal counsel advising International Campus on the €313 million portfolio financing transaction.
• Greenberg TraurigcoreImplementation/ SI/ Consulting PartnerLegal counsel advising International Campus on the €313 million portfolio financing transaction.
• Stibbe AdvocatenminorImplementation/ SI/ Consulting PartnerLegal counsel advising International Campus on the €313 million portfolio financing transaction.

Scale indicators7 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Unite Group: Largest UK-listed student accommodation provider, operating tens of thousands of beds across UK university cities. Most comparable public-market peer for THE FIZZ's pan-European student housing model and capital structure.
• iQ Student Accommodation: Major UK and Australian student housing operator owned by Blackstone. Directly comparable to International Campus in operating purpose-built student accommodation in major university cities with similar all-inclusive rental offerings.
• Global Student Accommodation (GSA): Pan-European student housing investor, developer, and operator with assets across multiple European markets. Closely aligned with International Campus on geographic scope, brand-driven operating model, and institutional capital partnerships.
• Nido Student (Greystar): European student housing brand owned by Greystar, the world's largest student housing operator. Competes directly with THE FIZZ across key European university cities including Germany, Spain, and the UK.
• Yugo: International student housing operator with branded residences in Europe, the US, and Asia. Comparable to International Campus in delivering experience-led, community-oriented student accommodation with global brand positioning.

Broad incumbents

• Medici Living: Large European co-living and furnished living operator. Broadly comparable to HAVENS LIVING on the urban furnished living concept and community-driven operating model, with a wider European footprint.
• Greystar: Global leader in student housing and multifamily rental management. Indirectly comparable to International Campus through its ownership of Nido Student and its role as the dominant institutional operator in the European student housing sector.

Emerging players

• Habyt: European coliving and flexible urban housing operator with a digital-first leasing platform. Comparable to HAVENS LIVING on the furnished urban living proposition for expats and job starters across multiple European cities.
• Quarters: European coliving operator offering fully furnished urban apartments with community spaces. Overlaps with HAVENS LIVING's value proposition of flexible, all-inclusive furnished rentals for young professionals.

Regional players

• Citispace: Germany-focused furnished and serviced apartment operator. Directly comparable regional peer for HAVENS LIVING's German urban furnished living offering, especially in Berlin and other major German cities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/THEFIZZ.Students
• LinkedInlinkedin.com/company/international-campus-group
• Xx.com/ic_europe

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Campus