Round Hill Capital has sold its Nido Living business to Canada Pension Plan Investment Board (CPP Investments). As part of the transaction, Round Hill Capital is also selling its stake in the existing student accommodation joint venture between the two companies, which comprises more than 5,000 beds across 15 European assets.
Having acquired Nido Living in 2012, Round Hill Capital has successfully grown the business into one of Europe’s leading providers of purpose-built student accommodation, managing and/ or developing over 18,000 beds during the time, while offering a high-quality resident experience. Nido has also won multiple awards including from the Global Student Living Index, PIEoneer, Property Week and The Class Foundation for its leading student housing operations.
Michael Bickford, Round Hill Capital’s CEO and founder, said: “Since acquiring Nido in 2012, the business has gone from strength to strength, starting from three assets in the UK to managing over 18,000 student beds across the UK and Europe in this period, as well as diversifying into new territories. This transaction is a testament to the value we have built in this award-winning business over the past 12 years and represents a successful conclusion of this investment. As an investment manager, Round Hill Capital continues to see significant value in the student and other residential sectors, which remain integral to our investment strategy going forward.”
Image provided by FTI Consulting.
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