Turkey has the biggest university student population in Europe.

420.000 additional university students every year.

3.5 million university students can not find a dormitory to stay.

Turkey is becoming more attractive for international students every year.

Increasing number of international students and lack of housing.

İstanbul has the biggest number of student housing deficit.

Current capacity: 334 Student housing projects, with a bed capacity of 69,990.

Background

Historically, student accommodation in Turkey has never been a positiveexperience. Handled by the state, they tend to be ‘substandard’ dormscontaining up to 6-12 beds (bunk beds), cold showers, not very nice!

Novu Solution

NOVU offers student residences that are comfortable and provide afun environment designed for the needs of university students.As NEF’s masterbrand encourages, all living spaces have a strong elementof ‘concept and design’ (aesthetically and functionally) with an emphasison co-working and co-play areas for shared experiences and buildinga vibrant student community.

Business Today & Future

Now in its’ 4thyear of business, NOVU Merter enjoys 100% occupancy with 1.013 operational beds and 2.058 beds in the pipeline-unde,r construction. Novu is looking to expand to 15.000 beds in Turkey in the next five years. Internationally Novu is developing new concepts that will cater to the UK & US student accommodation markets with an aim to reach 50.000 beds through management contracts.