PBSA |
Milan, Italy
Redevelopment of an abandoned building into a LEED Gold certified 584-bed PBSA asset in Milan. Giovenale provides 60% of its beds to students of Bocconi University, a leading European Business School.
Key Facts
PBSA
Value Add
Sold
LEED Gold
Certified
20,000 sqm
lettable area
584
beds
5,000 sqm
plot size
700 sqm
food retail space
About the asset
- The strategy aimed to develop an attractive student housing offering within walking distance of prestigious universities in Italy, such as Bocconi University.
- The project includes a newly built, modern, high-tech student residence designed to accommodate approximately 600 students.
- It meets international standards and significantly surpasses the existing low-quality housing offers. The asset was acquired in 2019, and construction was completed in January 2022.
- The project involved the redevelopment of an old abandoned building, making way for a LEED Gold certified PBSA that intertwines modern amenities with green initiatives.
- Achieved an Italian EPC A1 energy rating, supported by environmentally responsible features including groundwater wells for efficient heating and cooling, rooftop photovoltaic panels, and a beehive installation that promotes urban biodiversity.
- As part of the broader development, four public refurbishment projects were completed, including the revitalization of city parks with modern playgrounds and the renewal of the adjacent roadway, now featuring a new bike lane and seating areas—enhancements aimed at fostering community integration and improving overall livability.
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