Ardian and Rockfield completed the acquisition of the 1209-bed PBSA portfolio from Nido Living.

Ardian, a global private investment firm, and Rockfield, a real estate developer, completed the acquisition of the 1209-bed PBSA portfolio from Nido Living, a European purpose-built student accommodation operator and manager. Financial terms were not disclosed. “The strong fundraising activity in our strategy is a testament to the attractivity of PBSA as an investment. High tenant demand meets a limited supply of residential space, which ensures rapid letting, high occupancy rates, and correspondingly robust yields. Our focus on green buildings ensures the investments are future-proof and cost-effective in operation,” Bernd Haggenmüller, Ardian Senior Managing Director Real Estate.