Nido Living expands Italian PBSA footprint with Turin acquisition

European PBSA platform Nido Living is expanding its Italian presence through the forward-funded acquisition of the Scalo Vallino student housing development in Turin. 

Scallo Vallino

The acquisition, supported by Taurus, will deliver 402 high-quality student beds in Turin’s San Salvario district. Project execution is entrusted to Cogefa, while FCV oversaw the urban planning process.
The Scalo Vallino development, comprising the Sommelier and Nizza blocks, will feature extensive communal amenities like study areas, a gym, a cinema, and landscaped terraces. Completion is expected by mid-2027.
Located near Nizza metro station, the scheme will provide easy access to the Polytechnic University of Turin and the University of Turin, serving over 125,000 students. Turin's PBSA provision rate is significantly below European averages, highlighting a strong demand for quality student accommodation.
The development is designed to meet high sustainability standards, targeting LEED Gold certification and an Italian A2 energy rating. It will incorporate features such as a high-efficiency HVAC system, solar panels, water-saving infrastructure, and extensive green space.
Carlo Matta, CEO of Nido Living, said: “Turin is a thriving university city with strong international appeal but limited PBSA provision. Scalo Vallino exemplifies our strategy to deliver amenity-rich, sustainable accommodation in Europe’s most undersupplied markets. This acquisition builds on our landmark entry into Milan and further demonstrates our confidence in long-term demand across Italy.”
Giuseppe Zafferri, head of Italy at Nido Living, added: “Scalo Vallino is not only a best-in-class PBSA project, but also part of a wider regeneration of San Salvario, providing value to students and the local community alike. Forward funding allows us to embed operational excellence from the earliest stages of development.”
This acquisition builds upon Nido's recent entry into the Italian market with the forward purchase of Unione Zero in Milan. It represents part of Nido's broader strategy to invest nearly €1 bn in the Italian PBSA market over the next six years.