The joint venture previously received an investment support of 800 million from CBRE Investment Management and has a current fire power of 1.3 billion euros
On 22 September, Monday, the pan European Purpose-Built Student Accommodation (PBSA) platform that Ardian and Rockfield launched in October 2024 with the support of CBRE Investment Management’s Indirect Private Real Estate Strategies (see here a previous post by BeBeez), said it received financing facilities of 550 million euros from ING Bank nv, Société Générale CIB and HSBC Continental Europe for the organic growth (press release). The platform’s investments focus on Italy, Netherlands, Spain, Portugal, Germany, and France.
The PBSA hired Gide Loyrette Nouel, Chiomenti and Linklaters as legal advisors. A&O Shearman acted as counsel to the lenders.
CBRE Investment Management initially committed 500 million and increased the amount to 300 million in June 2025. The platform now benefits from an investment capacity in the region of1.3 billion.
Since its birth in 2024, the PBSA closed eight acquisitions in the Netherlands, Spain, Italy and Germany and creating a diversified portfolio of over 6000 beds. In March 2025, the firm acquired from Stonehill an asset in Via Serlio 26/2, Bologna (see here a previous post by BeBeez). In November 2024, the PBSA puchased an asset in Florence neighbourood Novoli, close to the city’s University Social Sciences Campus (see hera a previous post by BeBeez).
Antoine Leboulanger, Ardian co-head of capital marketes and managing director, said: “The strong support from our financial partners highlights both the momentum of our partnership with Rockfield and the growing importance of sustainable, purpose-built student housing. We are proud to be at the forefront of this important market and look forward to continuing to develop our PBSA strategy with this scalable and innovative financing solution provided by leading real estate banks. With this new financing, we have greater execution flexibility and the ability to invest even more capital in PBSA across Europe.”
Florijn Diepstraten, cfro of Rockfield Real Estate, added: “This financing package is a significant milestone for our European PBSA strategy. It allows us to further optimise our existing portfolio and also creates the capacity to seize new opportunities and accelerate growth in markets with strong structural demand. The facility is designed to grow with the initiative, supporting both existing assets and new construction projects and strengthening our ability to meet the growing demand for student accommodation across Europe”.
