BaseCamp, a vertically integrated developer, operator and investment manager with in-depth expertise in Purpose Built Student Accommodation (“PBSA”), has again successfully tapped the German banking market to finance its new development in Goettingen.
BaseCamp Goettingen will consist of three buildings, being a pure-play student housing ensemble located in walking distance to Goettingen’s city center. After its completion by the end of Q3/2022, the BaseCamp will host almost 600 apartments. Despite the Covid-19 pandemic, BaseCamp’s pan-European locations are nearly fully occupied, underlining the strong performance and resilience of the business model.
Oceans & Company’s Real Estate Finance team advised BaseCamp exclusively on both sourcing and execution of the financing.