Summary:
- Nido Living secured a €210 million refinancing package with Aareal Bank for its existing Iberian portfolio of approximately 3,000 student beds across Spain and Portugal, supporting its operational stability and growth in key cities including Madrid, Seville, Valencia, Lisbon, and Porto.
- The refinancing aligns with Nido’s broader strategy following its €1.2 billion acquisition of Livensa Living, which adds around 9,000 beds in Iberia and will expand Nido’s total European portfolio to over 12,000 beds by Q4 2025.
- Nido is advancing its European expansion with plans to enter Italy and Germany, appointing Daniel Havers as Germany country head, alongside other strategic leadership hires to drive growth across continental PBSA markets.
Original article:
https://www.nidoliving.com/en-gb/blog/nido-completes-refinancing-of-iberian-pbsa-portfolio
