Summary:
- Nido Living has entered the Italian market with a forward purchase of over 600 student beds in Milan’s Sesto San Giovanni district, partnering with Prelios SGR and Hines to develop a landmark 18-storey PBSA scheme scheduled for completion in mid-2027.
- The development targets LEED Gold certification and Italian A1 energy rating, incorporating energy-efficient systems, solar panels, geo-thermal heat pumps, and water-saving infrastructure, reinforcing Nido’s ESG credentials in a key European market.
- This acquisition is a cornerstone of Nido’s €1 billion Italian expansion plan over six years, reflecting strong institutional backing and operational involvement from the earliest development stage to address Milan’s significant student accommodation undersupply.
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