Barings acquires site for first PBSA in Italy
One of the world’s largest diversified real estate investment managers Barings has announced that it has acquired a plot of land for the development of its first purpose-built student accommodation (PBSA) scheme in Italy.
Completing on a brownfield site in Rome, on behalf of its second European real estate value-add fund (BREEVA II), the disused site in the east of the city centre has planning permission for the development of a new PBSA scheme of c. 8,000 sqm, comprising 270 studio rooms and amenities including tennis and padel courts.
The scheme at Via Umberto Partini is well connected to Rome’s public transport system, with easy access to several bus and tram lines (lines 545, 163 and 409), with La Sapienza University – continental Europe’s largest institution with 110,000 students – just 15 minutes away by bus. It is also within walking distance from Tiburtina, the high-speed railway station and the second largest train station in Rome …