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:
