The SPV jointly owned by Keystone Investments and Mediterranea Immobiliare purchase an office building located in Viale Certosa, Milan, to convert it into a student housing with 427 beds.

The acquisition of the asset has been financed by a primary credit institution.

It has been also structured a transaction with Ardian and Rockfield, on behalf of the ARDIAN Rockfield European Student Accommodation Platform, through it will purchase the asset.

Located in a rapidly evolving urban district, the asset will be transformed into a sustainable student residence with excellent connectivity to Milan’s Bovisa Politecnico University. The building will be redeveloped into a state-of-the-art PBSA scheme, offering a wide range of high-quality amenities — including study rooms, indoor and outdoor gyms, padel and basketball courts, a cinema room, games areas and landscaped communal spaces — all designed to foster wellbeing, social interaction and a balanced student lifestyle. The project targets LEED Gold and EPC A environmental certifications

Vitale acted as financial advisor to the SPV offering support in the structuring of the transaction, in the negotiation phases and in the coordination of activities.

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