Summary:
- Invel Real Estate has committed €18 million to develop approximately 1,100 purpose-built student accommodation beds in Milan and Padua through a new partnership with Stonehill International Group, marking its entry into the Italian PBSA market.
- The investment targets two sites near major academic hubs—Via Lambruschini in Milan’s Bovisa district and Via Valeri in Padua—addressing a significant supply-demand imbalance where student accommodation penetration in Italy remains below 5%, compared to 20-30% in mature European markets.
- This transaction aligns with Invel’s broader residential investment strategy and supports Stonehill’s ongoing expansion in Italy, where it has developed and sold around 2,100 PBSA units across Europe to institutional investors since 2017.
Original article:
