Summary:
- Ardian and Rockfield have secured €550 million in financing to support future acquisitions and refinance existing Purpose-Built Student Accommodation (PBSA) assets across Europe, including the Netherlands, Spain, Italy, and Germany, where they have acquired 6,000 beds since early 2024.
- The €450 million pan-European facility involves ING, Société Générale CIB, and HSBC Continental Europe as lead arrangers, complemented by over €100 million in additional financing focused on existing Italian investments, enabling growth in markets with strong structural demand.
- The platform follows a Core+ investment profile prioritizing long-term, risk-adjusted returns and ESG commitments, with all assets targeting or holding certifications such as BREEAM and LEED, incorporating climate risk assessments, renewable energy use, and wellbeing-focused design.
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