Ardian, a world-leading private investment house, and Rockfield, a vertically integrated student housing platform, announce their first investment of their pan-European strategy dedicated to Purpose-Built Student Accommodation (PBSA).

The investment involves a newly constructed standalone building, completed in October 2023 and located in the Novoli district of Florence, just minutes from the Social Sciences campus of the University of Florence. The next-generation purpose-built student accommodation facility offers 404 beds and features common areas, including a pool with a solarium, gym, lounge area, study rooms, and a cinema room.

The asset has already shown excellent performance, reaching an occupancy rate close to 100% with significant growth potential and demonstrating its high standing, able to satisfy the growing demand in the Florence student market.

The property, which is LEED Gold certified, underscores Ardian and Rockfield's commitment to investing in assets that meet high standards of sustainability and environmental responsibility.

In the transaction, Ardian and Rockfield were assisted by YARD REAAS for technical due diligence activities.