Greystar’s acquisition of Nido’s student accommodation portfolio for £600m has been confirmed.
The deal, which was reported last week in Estates Gazette, is for student housing assets in King’s Cross, Notting Hill and Spitalfields. In total, the portfolio comprises 2,375 beds.
Nido is owned by Round Hill Capital who advised on the deal.
Michael Bickford, founder and chief executive of Round Hill Capital, said: “This sale is in line with Round Hill’s strategy to invest in high-quality portfolios and exploit first mover advantages, successfully generating attractive returns for our stakeholders through hands-on management and operational expertise.”
