Key Takeaways
- • Nido Living acquired Brookfield Asset Management's Livensa Living portfolio for €1.2 billion, representing one of the largest real estate transactions in Europe in 2025 and the largest student accommodation deal in Iberia to date.
- • The transaction is backed by €700 million in debt financing, with CPP Investments supporting Nido's growth strategy following its April 2024 acquisition of the platform.
- • Upon completion, Nido Living will operate approximately 25,000 beds across continental Europe by 2031, positioning itself as a leading pan-European student housing operator.
- • CACIB served as financial advisor to Brookfield on the sale and led the acquisition financing, underscoring institutional capital's significant appetite for continental European student housing assets.
- • The deal reflects strong investor momentum into student accommodation and flex-living platforms, particularly across Iberia and continental Europe, as demographic and urbanization trends drive sustained demand.
Summary
Nido Living has completed a landmark €1.2 billion acquisition of Brookfield Asset Management's Livensa Living portfolio, marking one of Europe's largest real estate transactions in 2025 and the largest student accommodation deal ever executed in Iberia. The transaction consolidates two major platforms in the European student housing sector and is supported by €700 million in debt financing, with CACIB serving as financial advisor to Brookfield and leading the acquisition financing package.
The deal accelerates Nido Living's strategic expansion across continental Europe. CPP Investments, which acquired Nido Living in April 2024, is backing the growth initiative. Upon completion of the Livensa acquisition, Nido will operate approximately 25,000 beds across continental Europe by 2031, establishing the platform as a scaled, pan-European student accommodation operator. Brookfield had significantly expanded Livensa during its ownership, building it into one of the largest student accommodation and flex-living platforms in Iberia.
The transaction underscores sustained institutional investor interest in continental European student housing. Major capital allocators—including Canadian pension funds and leading alternative asset managers—view student accommodation as a strategic asset class amid favorable demographic trends, urbanization, and housing supply constraints across the region. The financing structure and scale of this transaction demonstrate that lenders remain committed to funding growth in this sector, with €700 million in debt securing a cornerstone transaction that reshapes the competitive landscape in Iberian and broader European student living markets.
The deal accelerates Nido Living's strategic expansion across continental Europe. CPP Investments, which acquired Nido Living in April 2024, is backing the growth initiative. Upon completion of the Livensa acquisition, Nido will operate approximately 25,000 beds across continental Europe by 2031, establishing the platform as a scaled, pan-European student accommodation operator. Brookfield had significantly expanded Livensa during its ownership, building it into one of the largest student accommodation and flex-living platforms in Iberia.
The transaction underscores sustained institutional investor interest in continental European student housing. Major capital allocators—including Canadian pension funds and leading alternative asset managers—view student accommodation as a strategic asset class amid favorable demographic trends, urbanization, and housing supply constraints across the region. The financing structure and scale of this transaction demonstrate that lenders remain committed to funding growth in this sector, with €700 million in debt securing a cornerstone transaction that reshapes the competitive landscape in Iberian and broader European student living markets.
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