Sign up

Have some pie!

Collegiate enters Italian student housing market

Collegiate has secured investment from Proprium Capital Partners as part of a joint venture to develop a pipeline of student accommodation schemes in Italy.

The first project will be a 700-bedroom residence in Milan. Image: Collegiate

The first project will be a 700-bedroom residence in Milan

The venture follows the purpose-built student accommodation provider’s announced intention to raise up to £2billion to extend the company’s portfolio across Europe and globally.

The initial phase of the Italian investment will target the development of around 3,500 new state-of-the-art student bedrooms over the next three years.

“We’re experiencing unprecedented demand for high-quality accommodation throughout Europe”

The first project, a 700-bedroom residence in Milan, will be one of the first major PBSA developments in the city and responds to strong demand for high-quality accommodation in a place that has over 200,000 students – the vast majority of whom come from outside of Milan.

Eri Cuanalo, CEO of Collegiate said the company intends to set new standards in terms of quality, living environment and facilities in order to provide more choices to national and international students choosing to study across Italy.

“We’re experiencing unprecedented demand for our high-quality accommodation throughout Europe and are very excited to be entering this partnership with Proprium in Italy,” he said.

Javier Perez-Lecumberri from Proprium Capital Partners said that Italy is one of Europe’s top education destinations and “with such low provision levels of PBSA it makes it a logical market for us to enter”.

We look forward to building on this transaction to establish a sizeable student housing platform in Italy with such an experienced operator as Collegiate,” he added.

Still looking? Find by category:

Add your comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: All user contributions posted on this site are those of the user ONLY and NOT those of The PIE Ltd or its associated trademarks, websites and services. The PIE Ltd does not necessarily endorse, support, sanction, encourage, verify or agree with any comments, opinions or statements or other content provided by users.

To receive The PIE Weekly with our top stories and insights, and other updates from us, please