Proprium Seizes Opportunity in Italian Student Housing Market with $100 Million Investment
Italian student housing market poised for growth, Proprium Capital Partners invests $100 million in student accommodation sector
Student Housing MarketItalian Real EstatePropreium Capital PartnersCollegiate Ac EuropePbsaReal Estate NewsJul 30, 2024
The investment comes at a time when Italy's student housing market is facing a substantial supply-demand gap. According to a report by Scenari Immobiliari and Re.Uni, the current PBSA in Italy can accommodate more than 85,000 students, with an expected increase of about 28,000 beds over the next three years. This presents a great opportunity for real estate investors to tap into the growing demand for university housing in Italy.
Proprium Capital Partners, which originated from Morgan Stanley Real Estate Special Situations team, has been investing in real estate operating companies since 1996 and manages over $4 billion in assets. The company's partner, Javier Perez-Lecumberri, expressed enthusiasm about the new projects, stating that they will expand the firm's presence in Milan and mark its entry into the Padua market. The investment is being made in partnership with Collegiate AC Europe through their Southern European PBSA platform.
With the addition of these two new developments, the platform's portfolio will expand to over 3,000 student beds across Italy and Spain, with a total value exceeding $700 million. Perez-Lecumberri emphasized the firm's commitment to delivering high-quality student housing across Europe and revealed plans for further expansion. He mentioned an identified $1 billion pipeline of attractive PBSA investment opportunities, with aims to establish a substantial, well-managed platform in partnership with Collegiate in select university cities and towns across southern Europe, focusing on areas with chronic supply shortages.
Collegiate, a PBSA provider, first entered the Italian market in June 2019 through its collaboration with Proprium. As part of their joint venture, Collegiate has secured an investment from Proprium to develop a pipeline of student accommodation schemes. This investment aligns with the broader trend of growing interest in the PBSA sector across Europe, as investors recognize the potential in meeting the increasing demand for quality student housing in key university cities.
Information
Proprium Capital Partners is a real estate private equity firm that has been investing in real estate operating companies since 1996. The company manages over $4 billion in assets and has a strong track record of delivering high-quality student housing across Europe.
Collegiate AC Europe is a PBSA provider that offers high-quality student accommodation in key university cities across Europe. The company has a strong presence in Italy and Spain and is committed to delivering exceptional student housing experiences.
Frequently Asked Questions
How much is Proprium Capital Partners investing in the Italian student housing market?
Proprium Capital Partners is investing $100 million in the Italian student housing market.
What is the current PBSA capacity in Italy?
The current PBSA in Italy can accommodate more than 85,000 students.
What is the expected increase in PBSA capacity in Italy over the next three years?
There is an expected increase of about 28,000 beds over the next three years.
What is the total value of the Southern European PBSA platform?
The total value of the Southern European PBSA platform exceeds $700 million.
What is the identified pipeline of attractive PBSA investment opportunities?
The identified pipeline of attractive PBSA investment opportunities is $1 billion.
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