Deutsche Real Estate Funds (DREF) today presented its new brand “TWENTY FIRST Student living” at the Student Accommodation Conference hosted by Property Week in London. Under this label, DREF will let its residential units directly to students in future. TWENTY FIRST offers all services online when it comes to finding accommodation and the associated formalities.
“We finance and refurbish student residences, but what we do in particular is create modern residential concepts tailored to the lifestyle and needs of students. With TWENTY FIRST, we now give this offering a name and a home,” says Felix Bauer, CEO of Deutsche Real Estate Funds Advisor.
“The brand underscores the fact that we want to have a long-term commitment in the market for student accommodation. In 2015, we laid the foundations for this with investments amounting to 125 million euros. Now, the task at hand is to establish TWENTY FIRST as the leading platform for student residence offerings in Germany.”
Modern residential concepts, central location and a transparent pricing model
DREF develops, acquires, refurbishes and manages student residences let to students under the TWENTY FIRST brand. The company assigns particular importance to high, modern and, above all, reliable quality standards. This applies in equal measure to the location of the residences as well as to living quality and the processes surrounding the contractual closing and billing.
For this reason, all residences are in central locations or near universities and are well connected to public transport. A special feature of the residences is their uniform, modern look. To ensure this, the company cooperates with the top London architect Paul McAneary, among others. The en-suite rooms and apartments are fully equipped – incl. en-suite bathrooms, a kitchenette and high-speed internet access – and are available to the students in three different sizes. The rooms are cleaned once a month. In addition, students can use various common rooms and facilities. A Resident Manager is available in case any technical problems occur or any other questions happen to arise.
TWENTY FIRST also reacts to the students’ wishes by letting the units for an all-in flat rate that includes all housing costs and the services mentioned above. DREF does not require a rent deposit. As an additional service, the company offers students insurance and banking service packages.
“It was very important for us with our offering to cater as far as possible to the needs and wishes of the students. This is why we created the residential concept and the brand as such in collaboration with students. The outcome is an offering that is unprecedented on the market in this form. Modern equipment, uncomplicated online booking and an extremely transparent pricing model – and all this at an affordable cost,” says Felix Bauer. “The six student residences already integrated into the platform show that the brand can be implemented in a sustainable and stringent way, both in new buildings and in refurbished properties.”
Complete offer available online and via mobile services
Interested students can retrieve all services online. The www.twentyfirst.apartments website provides a feature for virtual viewing of the residences. In future, they are able to retrieve availability of units in real time and to directly reserve and book the rooms of their choice. The entire correspondence with
TWENTY FIRST can be managed via the students’ own online user accounts. This also applies to invoices and contracts. The offering is optimized for mobile devices and is available for tablets and smartphones.
The platform has initially been given clearance for six student residences in Berlin, Bremen, Kiel and Stuttgart. Next, all additional portfolio properties of DREF will be integrated into the platform step by step. In March 2016, over 3,000 units are expected to be available for booking.
For further particulars, please see: www.twentyfirst.apartments