Nido Living to acquire 600-bed PBSA portfolio of Hines Group and Prelios.

Nido Living, an European purpose-built student accommodation operator and manager, agreed to acquire 600-bed PBSA portfolio of Hines Group, a privately held company that invests in and develops real estate, and Prelios, an alternative asset management company that specializes in credit servicing and specialized real estate services. Financial terms are not disclosed. “Milan is one of Europe’s most dynamic university cities, yet it remains structurally undersupplied in student accommodation. At the same time, Italy has been highly successful in attracting international talent to its universities, reinforcing the strength of demand. Unionezero is a flagship development that reflects the scale of our ambition and the quality we bring to the market. With strong backing from global institutional capital, this acquisition marks the launch of our platform in Italy and underscores our confidence in the long-term demand for PBSA across the country,” Carlo Matta, Nido Living CEO.