Nido Living acquires Iberian PBSA portfolio for €1.2b

PBSA provider Nido Living has agreed to purchase Livensa Living, a student housing portfolio owned by Brookfield Asset Management in Spain and Portugal, for €1.2 bn. 

Nido Living Luna

This deal, considered a landmark transaction in the student accommodation sector, will add approximately 9,000 beds across 22 residences to Nido's portfolio.
This acquisition significantly accelerates Nido's ambition to operate 25,000 student beds across continental Europe by 2031. 
The purchase is being financed in part by a €700 mln debt package arranged by Crédit Agricole CIB. Livensa Living, which has grown rapidly under Brookfield's ownership since 2019, is a leading student housing brand in the Iberian Peninsula.
Carlo Matta, CEO of Nido Living, said: “This acquisition marks a significant step forward for Nido, reflecting the scale of backing for us from our shareholder CPP Investments as well as debt finance providers, and the clarity of our ambition to become the largest and the preferred student accommodation provider in continental Europe. We look forward to taking ownership of the Livensa portfolio and welcoming their talented team into our organization, as we continue to acquire, develop and operate in key European markets through our unique, vertically integrated platform.”
Taco van Heusden, chief investment & development officer at Nido Living, added: “We hold a strong conviction in the fundamentals of the European PBSA market and have confidence in Nido’s fully integrated model. Livensa is a highly strategic fit—offering immediate scale and access to dynamic university cities.”
J.P. Morgan Securities served as the sole financial advisor to Nido for this deal, with additional advice provided by Clifford Chance, Savills, KPMG, and Alix Partners.
Nido's acquisition of Livensa Living significantly expands its Iberian portfolio, building on its existing 3,000 beds across ten assets in major Iberian cities. This move aligns with Nido's previously announced expansion plans, which include further growth in Iberia and entry into other key European student housing markets. Upon completion of the deal, expected in Q4 2025, Nido will own over 13,000 beds in Europe.