Global Student Accommodation (GSA) and Cain have formed a new joint venture to develop a landmark 561-bed student residence in the Prenestino district of Rome.
This is Cain’s first investment in Italy and the next step for GSA as it continues to execute its development-led strategy in the market. Through the joint venture, GSA will bring its development expertise and track record of establishing the sector in emerging markets, helping shape the purpose-built student accommodation (PBSA) offer.
Italian PBSA is one of the most undersupplied markets in Europe, with about 2 million students nationally but fewer than 85,000 PBSA beds. The gap is especially acute in Rome, where future supply is constrained by archaeological considerations, land availability and regulatory complexity.
Prenestino will set a new benchmark for student living in Rome as the first community-driven PBSA scheme. Part of a vibrant regeneration district, the scheme takes its cue from it
