Nido Living, a specialist in student-led accommodation, has announced the acquisition of Brookfield Asset Management's Iberian student housing portfolio, Livensa Living, in a landmark transaction valued at €1.2 billion. This acquisition significantly advances Nido's strategic goal of owning and operating 25,000 beds across continental Europe by 2031. The deal, expected to be completed by Q4 2025, adds approximately 9,000 beds across 20 operational properties and two under development in key university cities in Spain and Portugal, bringing Nido's total European portfolio to over 13,000 beds. CEO Carlo Matta highlighted the move as a significant step towards becoming the largest student accommodation provider in continental Europe.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.