CDP Group invests in student housing and urban transformation

CDP Group invests in student housing and urban transformation

From October, 365 new beds will be available for students of Ca’ Foscari in Venice and another 200 for the University of Padua. Low prices, high quality and great service to the country through CDP Investimenti SGR

24 July 2019 

Young people, studies, cities. This is a complex system that determines the ability of the territory to evolve and compete. For this reason, the CDP Group invests its own energies in significant projects such as the two new structures at Santa Marta in Venice and at Via Delù in Padua, university residences in the historic centre, just a few metres from the university buildings, with an international standard capacity for accommodation. Functional spaces, common areas, quality services and eco-sustainable materials for energy saving: all at highly competitive prices. This is a true asset for the development of Italy, for which the CDP Group is earmarking financial and professional resources, restoring new life to publicly owned properties and providing young people with training opportunities to achieve an excellent professional career.

Santa Marta is the largest student residence in Venice. From the beginning of the upcoming 2019-20 academic year the structure will make a total of 650 beds available to students of Ca’ Foscari University: of these, 365 will be delivered by 15 October 2019, while the remaining 285 will be completed by 15 November 2019. The project, which encompasses a complex of historic buildings located in an area whose potential has so far remained untapped, represents a unique urban regeneration project for the city, aimed at doubling the current amount of housing available to students. The prevalence of available beds will be subject to the prices set by the Regional Body for the Right to University Education of Venice (ESU) and local rates will be controlled in line with the amounts established by the Concerted Housing Contract of the Municipality of Venice.

CDP Investimenti SGR has also funded the residence in Via Delù in Padua, which will be ready to host its first students from the upcoming academic year: 204 beds at a controlled rate, study rooms, gym, hall with relaxation area, laundry room, bike storage, daytime reception service and night watch. The Residence on Via Delù is a sustainable structure, with energy class B, equipped with photovoltaic panels and heat pumps. It also uses “Building Management” control systems that can optimise the management of energy savings.

In total, therefore, more than 850 beds are available for students of the two Veneto universities of Venice Ca' Foscari and Padua. The manager of both facilities will be Camplus, the number one housing provider for university students in Italy, which currently provides about 7,000 beds throughout the country and is present in 12 Italian cities as well as in Spain.

The two new student residences, worth around €43 million, were created thanks to the resources made available by CDP Investimenti SGR (Gruppo Cassa Depositi e Prestiti) through the FIA Fund and by Fondo Aristotele (entirely subscribed by INPS), which are listed as holders of 60% and 40% respectively of Fondo Erasmo, managed by Fabrica Immobiliare SGR, a leading real estate asset manager. For Venice, the intervention has also used a contribution from the Ministry of Education, Universities and Research of about €4 million pursuant to Law 338/2000. The entire student housing plan in which the intervention of Venice and Padua is included relies on funds made available by Cassa Depositi e Prestiti and INPS to develop, through the real estate fund Erasmo, an investment of €120 million to provide 3,000 new beds at discounted rates in the main Italian university cities.

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