Netherlands: Student housing developer International Campus Group has acquired Project Fascinatio, a 342-unit purpose-built student accommodation (PBSA) scheme in the Netherlands, marking its third asset in the country.
The Germany-based group will forward fund the development, located in Capelle aan den IJssel, on the Rotterdam border, near Erasmus University.
Construction is expected to begin at the end of August 2025, with completion scheduled for summer 2027. The financial terms have not been disclosed.
Project Fascinatio is being developed by a joint venture between Groep Caenen Capital Fund, White House Development and regional investment agency ROM.
Jasper Boot, who leads acquisitions and development for International Campus in the Netherlands, said: “We’re excited to add Project Fascinatio to our portfolio as our third asset in the Netherlands. Its location, sustainable design, and focus on community living align perfectly with our vision for high-quality student housing across Europe.”
Gawain Smart, chief executive of International Campus Group, said: “This acquisition underscores our continued commitment to securing prime assets in the PBSA sector in the Netherlands and across continental Europe. We remain actively focused on executing our expanding pipeline of prime development and operating opportunities this year.”
International Campus Group specialises in student and young professional accommodation across Europe, with a growing presence in Germany, Austria, and the Netherlands.
Highlights
– International Campus acquired 342-unit PBSA project near Erasmus University
– Project Fascinatio marks the firm’s third PBSA asset in the Netherlands
– Construction will begin in August 2025, with completion expected by summer 2027
