Crosslane established a local team based in Germany in 2013 to capitalize on the opportunity of developing purpose built student accommodation in the country.
Shortly after, in the same year, it identified and transacted on two operational assets, selling these to the Victus European Student Accommodation Fund, undertaking refurbishment and increasing rental income to achieve asset value growth.
The team undertake extensive research and analysis to identify specific development opportunities in key university cities, to grow a secure pipeline and have plans to deliver 5,000 beds of high quality purpose-built student accommodation across Germany, in the next 5 years.
We Are Seeking The Following Opportunities
• Cities with more than 10,000 students
• 20 minutes to city centre and university with train underground, metro or bicycle
• More than 100 units or more than 3000 sqm gross area.
• Ideally 7,000 sqm gross area
• Purchase existing operating properties
• Management contracts
• Plots with no planning
• Conversion properties
• Existing mixed use
• Purchasing 1%
Manager & developer
Crosslane created its own operating platform in 2008 to specifically manage student accommodation called Prime Student Living. This lettings and operational management company successfully manages two student accommodation properties in Germany with 500 beds, as part of a wider portfolio across Europe. Prime Student Living adopts an approach to employ locally based, highly experienced in-house people.
Services to property owners include; advice on design and specification, mobilisation of new schemes whilst under construction to achieve full occupancy and all aspects of site management for existing operational assets to maximise income, including sales & marketing, high levels of customer service, as well as health & safety and welfare support.