One of Europe’s leading student accommodation operators, Nido Livensa Group has completed the sale of five residences in Portugal, comprising a total of 895 beds. The assets involved are Nido Carcavelos, Nido Ajuda, Nido Santa Apolónia, Nido Estoril and Nido Asprela. The first four are located in Lisbon and the last in Porto.
The transaction forms part of Nido Livensa Group’s European growth plan, focused on markets such as Italy, the Iberian Peninsula and Germany, where it continues to identify investment opportunities that respond to demand for student accommodation and meet its criteria for scale, location and operations.
Through active portfolio management, the company is pursuing a capital recycling strategy aimed at unlocking value from the sale of mature assets to support new investments, through acquisitions, the development of new projects and strategic partnerships.
Backed by CPP Investments and specialising in the development, investment and operation of student accommodation, Nido Livensa Group aims to expand its portfolio to 25,000 beds by 2031.
“Following the acquisition of Livensa Living, we carried out a strategic review of our portfolio and identified a number of mature, stabilised assets in Portugal that have now reached a natural stage in their investment cycle. These are high-quality residences where we have been able to stabilise revenues, performance and operations, making them particularly attractive to long-term investors. This transaction allows us to release capital from mature assets and reinvest it in new development and acquisition opportunities, responding to continued demand for high-quality student accommodation across Europe,” comments Carlo Matta, CEO of Nido Livensa Group.
Portugal remains on the radar for new investment
According to the executive, “Continental Europe’s student accommodation sector remains a strategic growth area for our capital partners, and we aim to expand Nido Livensa Group to 25,000 beds by 2031. Portugal remains an important market for Nido Livensa, and we continue to see strong long-term fundamentals across the Iberian Peninsula. We will continue to assess opportunities that meet our investment and operational criteria.”
Despite the sale of these five assets, Nido Livensa Group remains active in the Portuguese market, where it operates other residences in Coimbra, Lisbon and Porto, and continues to assess new investment opportunities.
Photos courtesy of Nido Livensa Group
