Investire and CDP Real Asset to invest €24m for PBSA project in Italy

Upon completion in 2026, the 8,900 m2 university residence will provide 153 single and 89 double rooms. These will include 18 rooms designed for students with severe disabilities, equipped with an assistive home automation system developed in collaboration with the University of Padua.

The initiative foresees the construction of a highly energy-efficient building with a ground floor mainly used for complementary services to the university residence, as well as the redevelopment of large green spaces that will be returned to the city of Padua.

The complex will be developed by Treviso-based construction company CEV, while university housing provider Fondazione Camplus will be entrusted with the future management.

The residence will be located north of the historic center, near public transportation, and close to the Biology and Biomedicine campus and the University of Padua.

Filippo Catena, head of the National Social Housing Fund of CDP Real Asset SGR, said: ‘The Padua initiative represents an example of land reuse and attention to sustainability impacts, in line with the investment strategy promoted by the National Fund for Social Housing. This second operation therefore confirms the commitment to the development of student housing in our country, in response to the needs of off-site students and in support of the competitiveness of our country's university centers of excellence.’

Gilberto Muraro, president of Cariparo, commented: ‘Padua with its prestigious University attracts thousands of students every year, even from abroad. This is a rapidly growing trend which places it in a position to urgently adapt and increase the offer of dedicated living spaces.’

Domenico Bilotta, managing director of Investire SGR, added: ‘This project constitutes a fundamental stage in the promotion of university housing in Northern Italy, in a city with a high density of students like Padua. The initiative is also designed to promote social aggregation between the various users and between the structure and the rest of the city.’

This is the second initiative of the iGeneration Fund managed by Investire SGR (Banca Finnat Euramerica Group) and participated by CDP Real Asset SGR (CDP Group), with the Cariparo Foundation as a local partner.

Other institutional investors include Fondazione Cassa dei Risparmi di Forlì, Fondazione Cariparma, Fondazione per il Sud, Ente nazionale di previdenza assistenza veterinari (ENPAV), Banca Intesa Sanpaolo, Inarcassa, Fondazione Cariplo, Futura Funds SICAV – Alpha Plus.

The Fund aims to help bridge the gap between supply and demand by creating over 1,800 beds (student residence and fast-track hospitality), community spaces (study spaces, co-working, research hubs) and ancillary services.