Aareal Bank Secures €210 Million Loan for Nido Living's Student Housing in Iberia

Aareal Bank has finalized a €210 million financing deal for Nido Living's student accommodation portfolio in Spain and Portugal. This transaction supports Nido Living, owned by CPP Investments, in enhancing its presence in the burgeoning Iberian student housing market. The portfolio includes ten properties with around 3,000 student rooms in major cities such as Madrid, Seville, and Lisbon.

These assets are recognized for their strong ESG credentials, with many achieving BREEAM “Very Good” certifications, allowing the majority of the financing to be classified as a "Green Loan." The arrangement showcases Aareal Bank's expertise in complex financing and alternative living sectors across Europe.

Law firms Slaughter & May, Cuatrecasas, Uria, and Elvinger Hoss Prussen advised on the transaction, while Eastdil Secured and Clifford Chance supported Nido Living.