PBSA owner and operator The Kexgill Group (University Quarter Housing®) are planning a selective return to the German market following a 15-year break.
After retaining the Kexgill Immobilien GmbH after the disposal of the Landericus Fund of which the company were founding investors, its wholly owned GmbH has been refined in recent years to fund expansion in the UK.
Kexgill’s remaining German portfolio has been reported to be performing well with full occupancy and long-term funding.
“Our biggest regret from the period 2006-2008 was not investing more in student accommodation. Having bought and sold student investments close to respected universities in Aachen, Berlin, Leipzig, Paderborn, and Halle we should have expanded more. Hindsight!”Richard Stott, Managing Director (MD), Kexgill Group
Further purchases have been identified to create better economies of scale in certain areas of North Rhine-Westphalia.
The market has stabilised, and sales activity constrained, creating opportunities that the company is now ready to utilise.