Leipzig will be the fourth location for MPC Capital's student apartment platform STAYTOO (www.staytoo.de). The Hamburg-based asset manager and investment managers acquired a plot in the district of Connewitz near the University of Technology, Economy and Culture and the University of Telecommunications. The company intends to start developing micro-apartments for students at the site this coming spring. The property was acquired from a private seller.
Rainer Nonnengässer, Head of the Micro Living division at MPC Capital, had this to say about the choice of location: "Leipzig has experienced accelerating growth in recent years, which is primarily attributable to its economic clout. Yet the city is an attractive choice not just for businesses, but also for students."
The property is located at Karl-Liebknecht-Strasse 144. Here, 110 student apartments on a gross floor area of around 4,000 sqm are to become available for students of nearby higher education institutions by fall of 2017. The property will also provide common-part areas, a washing lounge, a reception area, and a bicycle storage room.
"Enrolment at higher education institutions in Leipzig currently totals around 36,000 students. Demand for high-quality apartments that satisfy the expectations of today's students keeps going up," explained Nonnengässer. He went on to say: "The idea is to offer modern housing solutions with the high-end amenities of the STAYTOO brand to students in Leipzig."
About MPC Capital AG
MPC Capital AG is an independent asset and investment manager for real asset investments. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 240 employees group-wide.