The International Campus Group (IC), one of the leading investors, developers, portfolio holders and operators in the field of student housing and urban living concepts, has recorded full occupancy of the portfolio at the beginning of the academic year 2025/26. The existing houses show an occupancy rate of 99 percent, and the new openings also show a development in line with expectations. This marks one of the strongest letting cycles in the company’s history and underlines the continued high demand for short- and medium-term living in IC’s properties.
In the student housing segment under the THE FIZZ brand, the average occupancy rate is 99 percent – 98 percent in Germany and 100 percent in Austria, the Czech Republic and the Netherlands. The renewal rate is 43 percent since the beginning of the year. There are more than 2,500 new tenants from over 120 countries.
At the beginning of the fourth quarter of 2025, the properties of the HAVENS LIVING brand (urban living) recorded a stable occupancy rate of 97 percent and currently offer a home to around 650 residents from over 70 countries.
“A 99 percent occupancy rate across our portfolio is a clear testament to the exceptional results of our products and management,” said Gawain Smart, CEO of International Campus. “Our teams have achieved one of the most successful leasing cycles in our history and at the same time completed a refinancing of 313 million euros. This is a sign of the strength of our platform and the trust of our financing partners. We will continue to expand our presence in Europe’s most underserved urban markets.”
“We continue to see a structurally high demand for professionally managed student housing and urban living concepts in Central Europe,” adds Patrick Hanisch, CFO of International Campus. “Our focus is on identifying new development and conversion opportunities in university cities and metropolitan regions that will strengthen our portfolio in the long term.”
In the third quarter of 2025, IC completed a €313 million refinancing – a signal of lenders’ confidence in the company’s operational performance, portfolio quality and long-term fundamentals. The refinancing strengthens balance sheet flexibility and forms a solid basis for further growth. In addition, IC has a well-filled acquisition and development pipeline, with several projects in advanced negotiations and others in early stages of review.
The European student and urban housing markets continue to show strong fundamentals: rising international student numbers, limited new construction activity and ongoing housing shortages are leading to high occupancy rates and supporting healthy rental growth in key markets.
