Oceans & Company’s Real Estate Finance team successfully advised a refinancing transaction for BaseCamp in Leipzig.
BaseCamp is a vertically integrated developer, operator and investment manager with in-depth expertise in Purpose Built Student Accommodation (“PBSA”). Its location in Leipzig with 386 apartments is open for business since October 2018 and centrally located – both the city center as well as the university’s main campus can be reached by bike in less than 10 minutes.
Despite the Covid-19 pandemic, occupancy rates exceeded 95% at the beginning of the winter semester 2020/21, underlining the strong performance and resilience of BaseCamp’s business model.
Closing of this refinancing transaction took place at the end of December 2020.