CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired a 16,600 square metres Student Housing complex, providing 448 rooms (580 beds) in Milan. The seller is Manifatture Milano S.p.A.
The forward funding transaction, agreed in 2021, has seen the seller undertake a comprehensive refurbishment of the building to deliver high-quality homes for student accommodation. The asset was pre-let to a national student operator CampusX.
The building comprises a reception area, lounge/communal area, cinema room, library, private dining room, gymnasium & fitness studio, external communal spaces, launderettes, and bicycle storage.
Source: cbreim.com on the 22nd of December, 2023
https://www.cbreim.com/press-releases/cbre-investment-management-acquires-16600-sq-m-student-housing-complex-in-milan