Private investment firm Ardian and living platform Rockfield have raised €550m of finance to spend on Purpose-Built Student Accommodation (PBSA). The money will be spent on future acquisitions, as well as refinancing current assets. Since the partnership was launched in 2024, there have been eight acquisitions across the Netherlands, Spain, Italy and Germany, comprised of 6,000 beds. Antoine Leboulanger, co-head of capital markets and managing director of Ardian, said: “Securing this financing package is a significant milestone for our European PBSA strategy. With a Core+ profile, the platform not only seeks to deliver long-term, risk-adjusted returns, but also to reduce greenhouse gas emissions in line with the Paris Agreement.