Hines and Blue Noble have finalized an investment of more than €80 million ($88 million), through the Student2 fund managed by Antirion SGR S.p.A., for the construction of new student accommodation in the heart of the Politecnico di Milano university campus in the Bovisa area of Italy. The project will be built on land that is now vacant, covering 45,000 square meters (484,376 square feet).
The plan is for two buildings that will take three years to build and are expected to be complete in 2025. One building will have approximately 250 beds rented at subsidized rates. The second building, with free-market rents, will be able to accommodate more than 300 students in spacious units. The buildings will be in line with the highest international standards of sustainability and energy efficiency with the aim of achieving the LEED Gold certification.
The new hub that will house the university accommodation will feature high-quality design throughout, from the choice of mate
