Ardian and Rockfield Expand Presence in Milan's Student Housing Market

Ardian, a world-renowned private investment entity, alongside Rockfield Real Estate, a vertically integrated platform, have furthered their commitment to the student accommodation sector with a new acquisition in Milan. As part of their pan-European strategy targeting Purpose-Built Student Accommodation (PBSA), they have signed a preliminary agreement to acquire shares in a corporate vehicle backed by Blue Noble and Hines. The acquisition focuses on aparto Milan Durando, situated in Milan's Bovisa district, near Politecnico di Milano. This marks the fifth such deal within six months of launching their European PBSA strategy. Realization of this acquisition reinforces Ardian and Rockfield's goal to secure 5,000 beds across Europe, with additional upcoming deals in France, Spain, and the Netherlands. The property of approximately 610 beds embodies sustainable, high-quality living tailored for students. With plans for LEED Gold certification and EPC A energy class, the acquisition echoes a commitment to sustainability. As Milan remains a top university hub with a burgeoning student population but limited housing, this venture addresses the gap, demonstrating Ardian's strategic intent in the PBSA sector.