CBRE Investment Management has expanded into Italy’s living sector with the acquisition of a 928-room purpose-built student accommodation (PBSA) asset in Milan.
The fund manager has invested an unspecified amount on behalf of a separate account client to buy the new student housing campus in Novate Milanese developed by Techbau. The campus is the second largest in Italy and provides 1,075 beds.
Source: realassets.ipe.com on the 6th of December