Cheyne Capital Finances 561-Bed Student Residence in Rome

Cheyne Capital is pleased to have provided the debt finance to a joint venture formed between GSA – Global Student Accommodation and Cain to develop a landmark 561-bed student residence in the Prenestino district of Rome, Italy.

Italy's Purpose-Built Student Accommodation (PBSA) is one of the most undersupplied markets in Europe, with around two million students nationally but fewer than 85,000 PBSA beds. The gap is especially acute in Rome, where future supply is constrained by archaeological considerations, land availability and regulatory complexity.

Prenestino will set a new benchmark for student living in Rome as the first community-driven PBSA scheme. Part of a vibrant regeneration district, the scheme takes its cue from its surroundings with a design that targets market-leading Leadership in Energy and Environmental Design (LEED) certification and CRREM alignment.