Nido Living Expands Italian Portfolio with Acquisition of Scalo Vallino Student Housing in Turin

Summary:

  • Nido Living, backed by CPP Investments, has acquired Scalo Vallino, a 402-bed PBSA development in Turin’s San Salvario district, through a forward funding agreement with developer Taurus, with completion expected by mid-2027.
  • The development targets LEED Gold certification and an A2 energy rating, featuring high-efficiency HVAC, solar panels, and water-saving infrastructure, reinforcing Nido’s commitment to sustainability in an undersupplied Italian PBSA market.
  • Strategically located near Turin’s major universities and metro access, Scalo Vallino addresses a significant accommodation shortage in a city with a 12.9% PBSA provision rate, supporting Nido’s broader €1 billion investment plan in Italy.

Original article:

https://www.nidoliving.com/en-gb/blog/nido-living-strengthens-italian-platform-with-forward-funded-acquisition-in-turin

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