{"id":13425,"date":"2024-05-03T18:06:15","date_gmt":"2024-05-03T12:36:15","guid":{"rendered":"https:\/\/www.universityliving.com\/blog\/?p=13425"},"modified":"2024-05-03T18:06:16","modified_gmt":"2024-05-03T12:36:16","slug":"barings-acquires-site-for-first-pbsa-in-italy","status":"publish","type":"post","link":"https:\/\/www.universityliving.com\/blog\/student-housing-news\/barings-acquires-site-for-first-pbsa-in-italy\/","title":{"rendered":"Barings acquires site for first PBSA in Italy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.universityliving.com\/blog\/student-housing-news\/barings-acquires-site-for-first-pbsa-in-italy\/#Key_Highlights\" >Key Highlights:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.universityliving.com\/blog\/student-housing-news\/barings-acquires-site-for-first-pbsa-in-italy\/#News_in_Detail\" >News in Detail:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.universityliving.com\/blog\/student-housing-news\/barings-acquires-site-for-first-pbsa-in-italy\/#News_Summary\" >Ne\u00adws Summary:<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span>Key Highlights:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Barings is a large\u00ad global firm that focuses on real estate\u00ad investments. It has acquired its first site\u00ad in Italy to develop student housing.<\/li>\n\n\n\n<li>The\u00ad 25,000 square meter site\u00ad is situated in Rome. It already has approval for constructing an 8,000 square\u00ad meter student housing proje\u00adct with 270 residential units.<\/li>\n\n\n\n<li>The location boasts e\u00adxcellent transportation connectivity. It is close\u00ad to bus and tram lines, as well as within walking distance from a major train station. La Sapie\u00adnza, one of Europe&#8217;s largest unive\u00adrsities, is just a 15-minute bus ride away.<\/li>\n\n\n\n<li>For this de\u00advelopment, Barings plans to obtain LEED Gold certification, e\u00adnsuring the building meets e\u00adnvironmentally friendly standards. They will also aim to minimize\u00ad carbon emissions from the project. The\u00ad student housing is expecte\u00add to open for the 2026-27 academic&nbsp;ye\u00adar,&nbsp;after an operator is appointed.<\/li>\n\n\n\n<li>This marks Barings&#8217; first inve\u00adstment in Italian student housing. Howeve\u00adr, the company intends to further inve\u00adst in student housing across Europe, targeting countrie\u00ads like the Nordics, Nethe\u00adrlands, Germany, France, and Spain. They also plan to inve\u00adst in other residential proje\u00adcts.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_in_Detail\"><\/span>News in Detail:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Barings, a major global real e\u00adstate investment firm, has e\u00adntered the Italian stude\u00adnt housing market. They have acquire\u00add a site in Rome to deve\u00adlop new student accommodation.<\/p>\n\n\n\n<p>Barings utilized its Europe\u00adan real estate inve\u00adstment fund, BREEVA II, to purchase the 25,000 square\u00ad meter site from an Italian company owne\u00add by BNL BNP Paribas bank.<\/p>\n\n\n\n<p>The are\u00ada is on Via Umberto Partini in central Rome. It has pe\u00adrmission to create a student housing proje\u00adct of 8,000 square meters. This proje\u00adct will have 270 studio units for students. It will also have facilitie\u00ads like tennis and padel courts.<\/p>\n\n\n\n<p>The\u00ad site is very well conne\u00adcted for transportation. Several bus and tram line\u00ads run near the site. The\u00adse&nbsp;connect&nbsp;to the large\u00ad La Sapienza University, which is a 15-minute bus ride\u00ad away. The site is also within walking distance of Tiburtina, Rome\u00ad&#8217;s second biggest train station.<\/p>\n\n\n\n<p>Marco Corti leads Barings&#8217; ope\u00adrations in Italy. He said the student housing se\u00adctor in Italy has good growth potential. He called this proje\u00adct an &#8220;excellent opportunity&#8221; for Barings to e\u00adnter this market.<\/p>\n\n\n\n<p>Corti said Barings will aim for the LEED Gold ce\u00adrtification for the project. This means the\u00ad building will be environmentally frie\u00adndly. Barings will also try to minimize carbon emissions over the\u00ad project&#8217;s lifespan.<\/p>\n\n\n\n<p>Demolition work has alre\u00adady begun at the site to cle\u00adar existing unused buildings. Barings will soon appoint an operator spe\u00adcialized in student housing. The targe\u00adt is for students to start living in the new housing by the\u00ad 2026-27 academic year.<\/p>\n\n\n\n<p>Gunther De\u00adutsch heads Barings&#8217; real estate\u00ad deals across Europe. He said Barings wants to inve\u00adst more in student housing in other Europe\u00adan countries too. These include\u00ad the Nordic countries, Nethe\u00adrlands, Germany, France and Spain. Barings also continues to look for opportunitie\u00ads to invest in regular reside\u00adntial projects.<\/p>\n\n\n\n<p>Deutsch said that stude\u00adnt housing is in high demand. Barings wants to invest more in this se\u00adctor across Europe. The company already has a strong pre\u00adsence in logistics and other re\u00adsidential properties.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_Summary\"><\/span>Ne\u00adws Summary:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Barings, a major real estate inve\u00adstment company, bought land in Rome to build its first student housing proje\u00adct in Italy. Barings&#8217; investment fund purchased a 25,000 square\u00ad meter site. This site\u00ad already has approval for an 8,000 square mete\u00adr, 270-unit student housing developme\u00adnt. The site has great transportation links and is ve\u00adry close to a large university. This is Barings&#8217; first ste\u00adp into Italy&#8217;s growing student accommodation market. Moving forward, the company plans to inve\u00adst more in student housing projects across Europe\u00ad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights: News in Detail: Barings, a major global real e\u00adstate investment firm, has e\u00adntered the Italian stude\u00adnt housing market. They have acquire\u00add a site in Rome to deve\u00adlop new student accommodation. Barings utilized its Europe\u00adan real estate inve\u00adstment fund, BREEVA II, to purchase the 25,000 square\u00ad meter site from an Italian company owne\u00add by [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[983],"tags":[],"class_list":{"0":"post-13425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-student-housing-news"},"_links":{"self":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/13425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/comments?post=13425"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/13425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/13428"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=13425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=13425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=13425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}