International Campus acquires student housing project in Rotterdam

International Campus Group has acquired Project Fascinatio, a purpose-built student accommodation (PBSA) development located in Capelle aan den IJssel, near Rotterdam. The project includes 342 self-contained apartments and a range of shared amenities, positioned just five minutes from Erasmus University.

The development will offer a gross floor area of approximately 11,150 square metres, with about 6,930 square metres of lettable space. Designed with sustainability in mind, the building has been awarded an A++ energy label. Construction is scheduled to begin at the end of August 2025, with completion expected by summer 2027. The contractor for the project is Waal.

In addition to private living units, the complex will include a gym, communal kitchen, study and recreation areas, laundry facilities, and a rooftop terrace. The concept and design were developed by a joint venture comprising Groep Caenen Capital Fund, White House Development, and ROM.

This acquisition marks International Campus Group’s third student housing project in the Netherlands. According to Jasper Boot, responsible for acquisitions and development in the country, the project aligns with the company’s focus on sustainable, community-oriented housing for students.

CEO Gawain Smart noted that the transaction supports the company’s broader strategy of securing key PBSA assets across the Netherlands and continental Europe.

International Campus was advised by Greenberg Traurig (legal), EY (tax and financial), and CVO (technical). Debt financing was provided by NIBC Bank.