A Turin student residence will mark the debut of the historic German real estate company Patrizia Ag in the Italian student housing market, with an investment of some €70 million.
The student residence will open in September 2023 in via Frejus, in the western part of the city. About one kilometre from the Turin Polytechnic and 3.5 kilometres from the university, it is also close to the metro line.Mini apartments with private bathrooms
The complex, which is approximately 13,000 square metres of residential space spread over five floors, will have 582 mini apartments with private bathrooms. Added to this will be a series of services, from a gym, study spaces, a sky lounge and a laundry, to a large outdoor green area with 142 parking spaces. The residence will be equipped with a series of systems to boost energy efficiency, reduce carbon dioxide emissions and promote sustainability.
€1.1 billion in managed assets in Italy
Patrizia Ag boasts a portfolio of managed assets in Italy worth €1.1 billion. In recent months, the company has boosted its investments in the student residence segment, with developments in Barcelona, Dublin, Hamburg and Copenhagen.
