Summary:
- Greystar is entering the Italian student housing market with the 400-bed Mascarella project in Bologna, addressing a significant gap between student accommodation demand and professionally managed supply in a city with 87,000 students, 63% of whom come from outside the area.
- The Mascarella development spans 12,000 square metres and includes studio flats, twin rooms, communal study and co-working spaces, a gym, kitchens, and laundry facilities, with construction starting immediately and an expected opening in 2028.
- Greystar aims to build a pipeline of at least 2,500 student beds across Italy by the end of 2027, targeting key university cities including Milan, Rome, Florence, and Turin, to capitalize on the country’s large and mobile student population amid limited existing institutional accommodation.
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