Insights > Deals

Yugo secures 1,836‑bed Messina operating mandate

7 September 2026 | Management Agreement | Italy | 1,836 beds | Development

The long‑term appointment places Yugo across three planned PBSA communities in Sicily and extends the operator's Italian network to eight cities.

Key details

Asset type

Development

Location

Messina, Italy

Capacity

1,836 beds

Party 1

Zanklon Capital

Party 2

Yugo

Value

Undisclosed

Yugo has signed a long‑term agreement with Zanklon Capital to design and operate three purpose‑built student residences in Messina. The properties will provide 1,836 beds, predominantly in self‑contained studios with private kitchens, alongside almost 9,000 sq m of communal space.

Zanklon is developing the schemes as local sponsor with institutional capital partners, with delivery scheduled for the 2029/30 academic year. The appointment would take Yugo's Italian portfolio to more than 5,500 beds across eight cities.

Strategic context

The mandate gives Yugo immediate operating scale in Southern Italy and extends its national platform into a structurally undersupplied university market.

For Zanklon, involving the operator through design, fit‑out and delivery should help align the three schemes with operating requirements and institutional‑partner expectations. The citywide programme also creates a larger platform than a single‑asset entry, supporting operating efficiencies and market visibility in Messina.

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