london, uk, April 2, 2024 /CNW/ – Canada Pension Plan Investments (CPP Investments) today announced the creation of a new real estate investment and operations platform focused on continental student-specific accommodation (PBSA). Europe. CPP Investments acquired a minority stake in Round Hill Capital's Round Hill European Student Accommodation Partnership (an existing joint venture); Nido Living, Europe's leading PBSA operator and manager. Through these complex transactions, CPP Investments has invested in: CAD 40 million on the platform.
The platform, which will operate as Nido, will be backed by CPP Investments' real estate investment strategy and will be a wholly owned but independently operated portfolio company with a pan-European presence. The company will now focus on investing in and expanding CPP Investments' existing portfolio of over 5,000 beds, the majority of which have been operated by Nido since the acquisition.
“Together, CPP Investments and Nido are well-positioned to meet growing demand around the world. Europe We want high-quality PBSA.” tom jackson, Managing Director and Head of European Real Estate at CPP Investments. “Increased student mobility and increased participation in higher education is driving demand for high-quality, affordable student housing. EuropeWith the student population increasing as the labor market upskills, resulting in increased pressure on accommodation, this platform is well positioned to deliver strong risk-adjusted returns to CPP funds. there is. ”
In addition to managing existing CPP investment portfolios, Nido will continue to manage high quality PBSA assets for other overseas investors. Nido will continue to provide best-in-class service to our customers during this transition period. Founded in 2007, Nido is a leader in the European market and most recently he was awarded 'International Operator of the Year' and 'Best Private Housing' at the 2023 Property Week Student Accommodation Awards. EuropeAccording to the 2023 World Student Life Index. Nido's focus on creating value for both investors and residents aligns well with CPP Investments' approach to the sector. Initially, the core growth markets are: Germany, Italy and Spainis focused on acquiring and developing additional assets as it continues to build a diversified portfolio across Europe.
About the Canada Pension Plan Investment Board
The Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages funds in the best interest of the more than 22 million Canada Pension Plan contributors and beneficiaries. Investments are made around the world in public and private equity, real estate, infrastructure, bonds, and more to build a diversified portfolio of assets.headquartered in Torontoset up an office in Hong Kong, London, Luxembourg, mumbai, new york city, San FranciscoSão Paulo, sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and independently of the government.in December 31, 2023total funds CAD 590.8 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram, or X. @CPPInvestments.
Source Canada Pension Plan Investment Board
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