The transaction marks the first step in a strategic partnership between the two companies and supports the creation of approximately 1,100 beds in total across two locations considered particularly attractive from an academic perspective: Via Lambruschini, in Milan’s Bovisa district, and Via Valeri in Padua. Both projects will be located near academic hubs.

Strategic context

For Invel, the transaction reinforces its investment strategy in the residential sector and enables it to establish a foothold in an industry characterised by strong structural growth drivers.

For Stonehill, which has been operating in Italia since 2017, the partnership represents a further step in the expansion of its development programme in the country. The group has already developed and sold approximately 2,100 PBSAs in Europe to institutional investors, consolidating significant experience in the sector.