Ardian and Rockfield announce their first investment of their Pan-European strategy dedicated to purpose-built student accommodation (PBSA), enabled by an initial commitment from CBRE Investment Management’s Indirect Strategies (CBRE IM) and with dry powder of about €800 million ($872 million).
The investment involves a newly constructed standalone building, developed and sold by CDS Holding SPA, a company based in Erbusco (BS), completed in October 2023 and located in the Novoli district of Florence, just minutes from the Social Sciences campus of the University of Florence. The next-generation purpose-built student accommodation facility offers 404 beds and features common areas, including a pool with a solarium, gym, lounge area, study rooms, and a cinema room.
The asset already has shown excellent performance, reaching an occupancy rate close to 100 percent with significant growth potential and demonstrating its high standing, able to satisfy the growing demand
