CPP Investments-backed Nido Living to acquire Livensa Living from Brookfield for €1.2bn.

CPP Investments-backed Nido Living, a European student housing platform, agreed to acquire Livensa Living, a student housing platform, from Brookfield for €1.2bn. “This acquisition marks a significant step forward for Nido, reflecting the scale of backing for us from our shareholder CPP Investments as well as debt finance provider, and the clarity of our ambition to become the largest and the preferred student accommodation provider in continental Europe. We look forward to taking ownership of the Livensa portfolio and welcoming their talented team into our organisation, as we continue to acquire, develop and operate in key European markets through our unique, vertically integrated platform," Carlo Matta, Nido Living CEO.