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aparto Milan Giovenale, a building owned by a joint venture between Hines and Blue Noble and its first student housing in Italy, has been selected by Bocconi University to respond to growing demand from its national and international students and visiting professors for accommodation. Beginning September 2022, 60% of the student housing beds in the building will be reserved for Bocconi students and professors, who will be able to benefit from favorable rates.
The aparto brand, 100% owned by the international real estate firm Hines, now manages student accommodations in Italy, having successfully expanded its platform into Europe following ongoing success in the UK and Ireland across 13 sites, 5,000 beds and over 70,000 square meters of space.
The prestigious Milanese university has selected aparto Milan Giovenale due to the site’s location and the brand’s track record of delivering first-class student accommodation, with a market-leading experience programe and health and safety record. aparto Milan Giovenale is set to open in January 2022 and aims to bridge the gap between supply and demand for high quality student accommodation in the city.
The aparto Milan Giovenale residence spans a total area of 16,000 square meters, providing 600 beds and a wide array of features such as study rooms, a gym with Technogym equipment, a yoga room, laundry facilities and a cinema as well as outdoor areas with gardens, basketball and workout fields. The complex will also host outdoor food and beverage spaces which will be publicly accessible. Upon opening, aparto Milan Giovenale will be the first LEED Gold-certified university residence in Italy, as it was designed and built according to the highest international standards of environmental sustainability and energy efficiency.
The development of aparto Milan Giovenale is the result of a long-term partnership between Hines, as investor and development manager, and majority investor Blue Noble, and it is owned by the Living 2.0 Fund managed by Savills Investment Management SGR.
Source : Hines