Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Cross Border News  + Multi-residential Housing  | 
CPPIB has established a new real estate investment and operating platform focused on purpose-built student accommodation In Europe.

CPPIB Acquires Nido Living, Launches Euro Student-Housing Platform 

The Canada Pension Plan Investment Board has established a new real estate investment and operating platform focused on purpose-built student accommodation (PBSA) in continental Europe.

Toronto-based CPPIB is doing so by acquiring Round Hill Capital’s minority stake in their their joint-venture, Round Hill European Student Accommodation Partnership, and via the full acquisition of London-based Nido Living, a European PBSA operator and manager. 

CPPIB is investing up to $40 million in the platform through the combined transactions, the pension fund manager said in a news release.

The platform will operate as Nido and be backed by CPPIB’s real estate investment strategy and will be a wholly owned, but independently operated portfolio company with pan-European exposure.. Nido will be focused on investing in and expanding the existing CPPIB-owned portfolio of about 5,000 beds, most of which have been operated by Nido since they were acquired.

“CPP Investments and Nido together are well placed to meet the increasing demand across Europe for high-quality PBSA,” said Tom Jackson, head of CPPIB’s European real estate business.

Nido will also continue to manage high-quality PBSA assets for other international investors. 

CPPIB ranks among the world’s largest institutional investors. Redwood is a publicly traded finance company that specializes in housing credit.

Photo: Nido Living


Inside The Story

Tom JacksonNido Living

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

New call-to-action
New call-to-action