Proprium and Collegiate acquire two PBSA schemes
Proprium Capital Partners has announced that its Southern European PBSA platform with Collegiate AC Europe Ltd (Collegiate) is investing $100m of equity to acquire and develop two PBSA schemes in Italy, in the cities of Milan and Padua.
These two high-quality PBSA schemes are exceptionally well-located, with excellent public transport connectivity. They are both close to key universities in each city – Bicocca University in Milan and the University of Padua in Padua.
The two schemes will provide over 1,600 student accommodation beds, as well as providing its residents with state-of-the-art facilities. These include a gym, spa, outdoor sports facilities, cinema, private dining rooms, group study spaces, and vibrant indoor and outdoor living areas. There is also 24-hour security, high speed Wi-Fi, bike storage, and year-round events programmes …