Proprium Capital Partners, a global real estate private equity firm with more than $4 billion of assets under management, has announced that its Southern European PBSA platform with Collegiate AC Europe Ltd. is investing $100 million of equity to acquire and develop two PBSA schemes in Italy in the cities of Milan and Padua.
These two high-quality PBSA development schemes are exceptionally well located, with excellent public transport connectivity and close proximity to key universities in each city (Bicocca University in Milan and the University of Padua) and a wide range of neighboring local amenities. These two schemes will supply a total of more than 1,600 much-needed student accommodation beds, as well as providing residents with state-of-the-art facilities and services including gym, spa, outdoor sports facilities, cinema, private dining rooms, group study spaces, vibrant indoor and outdoor living areas, 24-hour security, high speed wi-fi, bike storage and year-round ev