Student housing

Modena, CampusX opens hotel and student residence (30 per cent subsidised rents)

Managed by CampusX, the student residence is owned by Fondo Pitagora, managed by Finint Investments (Banca Finint Group), whose main underwriter is Cdp Real Asset Sgr (Cassa Depositi e Prestiti Group). The total investment in the area (student residence, hotel and outdoor area) is approximately EUR 40 million

by Laura Cavestri

La lobby all’interno dello studentato di Modena

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

A project that changes not only the pace of university life but also the hospitality on offer. On the area of the former Corni foundry, the new CX Modena Crocetta student residence was officially inaugurated (which Il Sole 24Ore was able to preview about a month ago). Located a few steps away and behind the railway station, in the former industrial area of Crocetta, regenerated thanks to the project promoted by Supernova, CX Modena Crocetta consists of two buildings including a student residence and a hotel. The total investment in the area (student residence, hotel and outdoor area) is approximately 40 million.

Managed by CampusX, the student residence is owned by Fondo Pitagora, an investment fund dedicated to student housing managed by Finint Investments (Banca Finint Group), with the contribution, as the fund's main underwriter, of Cdp Real Asset Sgr (Cassa Depositi e Prestiti Group).

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La sala gaming

The facility is conceived as an ecosystem designed to accompany the days and nurture the spirit of community. From the study rooms to the common rooms, from the panoramic rooftop (with barbecue grill) to the gymnasium (both the one with the outdoor equipment in the garden and the indoor and panoramic one with all the machines). And then the shared kitchens, furnished laundry and ironing room, playzone and cinema room, over 5,000 square metres of greenery in which to eat, study and form relationships.

La cucina comune

In student housing, there will be a total of 313 rooms (for 366 beds), including single rooms (and shared kitchen, approximately 550 euros per month rent), rooms with adjoining kitchen area (650 euros per month rent) and mini-apartments for two roommates (600 euros). However, thanks to an agreement with the regional authority for the right to study (Ergo), around 80 units will be reserved for deserving students without means, with reduced rates from 213 to 237 euros per month, including utilities and services. In addition, a management agreement has been signed between CX and the Municipality of Modena to offer 10% of the places to young people in training and/or young workers in the Municipality of Modena, who will then be able to stay at subsidised rates according to territorial agreements. The campus will be animated by cooking classes, hackathons, yoga classes, parties, language courses and city tours.

Una delle stanze singole

Besides the student residence, the hotel part offers the possibility of short stays thanks to 34 rooms with breakfast served in the bar and breakfast room area of the student residence. The residence incorporates over 110 bicycle parking spaces with electric charging stations, reception, security and maintenance services. The building, designed according to Nzeb (Nearly Zero Energy Building) criteria, integrates photovoltaic and solar panels, reducing consumption and environmental impact.

'Building 60,000 beds in 2-3 years with Pnrr funds alone would have been a very ambitious goal,' explained Samuele Annibali, CEO of CampusX. 'We have completed a pipeline of about 1650 beds. We have opened Milan, Turin (the third facility, owned by Società San Paolo), Trieste and, in addition to Modena in mid-November, we will also open Naples at the end of next month. Four out of five are in agreement. Naples is missing but we are activating it. In any case, we need a long-term vision, perhaps allocating part of the unused public funds, rules, and capillary monitoring of the managers'.

"In 10 years," added CampusX president Ernesto Albanese, "we have grown from 9 to 45 million in turnover. Since 2019 we have opened 10 facilities and another 12 are in the pipeline. In three years we will have 12 thousand beds in total. We do not see a stock market listing on the horizon but we have received proposals from several private equity firms. The goal now is to expand the range of action, under the brand "CX-Living", pushing the hybrid model of "student-hotels", coliving for workers on the move, and residences for the elderly".

"University residences," said Filippo Catena, director of Cdp Real Asset Sgr's social housing funds, "play a fundamental role in the redevelopment and modernisation of our cities, especially when they are associated with the renovation and reuse of disused urban complexes and areas that have lost their original function. Moreover, with the new project, we are giving young people away from home the freedom to choose Modena as the university campus that best meets their aspirations, supporting the competitiveness of the city's education system".

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