Greystar receives €45m green financing for its first student housing project in Bologna, Italy, as part of a plan to establish a platform of at least 2,500 beds by 2027.
Amount Raised
€45 Million
Round Type
Debt Financing
BolognaReal EstateHospitalityHotelInvestors
Description
Greystar has entered the Italian market by acquiring a development site for a 400-bed student housing project in Bologna. This acquisition is supported by a €45m green financing package from ING. Construction will begin immediately under general contractor Di Vincenzo Dino & C. Greystar aims to build a significant presence in Italy with an accommodation platform of at least 2,500 beds by the end of 2027.
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