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Education

Four new residences are planned to open by 2025

8 三月 2023
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Investimento Imobiliário Lisboa Porto SUPERCASA Residências para Estudantes
The platform from Nido, Round Hill Capital's university accommodation management brand, will contribute to the creation of around five thousand beds.
Four new residences are planned to open by 2025
Source: Unsplash
Author: Redaction

Nido, the student accommodation and co-living management brand of Round Hill Capital, one of Europe's leading international operators and managers in the Purpose Built Student Accommodation (PBSA) segment, announced today, in a note to SUPERCASA Notícias, the completion of the integration of Smart Studios into its operational platform, adding 2,000 new beds for accommodation to its portfolio. The integration kicks off the next phase of Round Hill Capital's strategy for the PBSA segment in Portugal, after the acquisition of Smart Studios, in what was the largest student accommodation and co-living transaction in our country during last year, with an investment value of approximately 200 million euros.

This integration will allow Nido to create an Iberian portfolio with a total of around five thousand beds in 14 residences as part of a wider offer of 9,000 beds available in Denmark, Ireland, the Netherlands, Portugal, Spain and the UK. In Portugal, Nido now manages 1280 beds, across six locations, including the 380 in the latest Nido Campo Pequeno project in Lisbon. In addition to these, it is also planned to open four more residences by 2025 in Lisbon and Porto, translating into 1,100 new beds.

"After the acquisition of Smart Studios last year, our plan was always to integrate this business into the Nido platform and brand. Nido is clearly the market leader in the European student accommodation segment and we believe that with its own experience and Round Hill Capital's long track record of developing and managing purpose-built residential assets, it will be possible for us to enhance the experience for our residents and apply economies of scale to help drive investor returns", says João Pita, Head of Portugal at Round Hill Capital. 

"High quality modern residential assets with good environmental credentials, located in major European cities with strong supply/demand arguments, remains a major asset class for Round Hill Capital and we will continue to seek opportunities to grow our portfolio, both in Portugal and across Europe," he adds. 

The integration of Smart Studios into Nido's operating platform will also allow residents to benefit from that operator's vast experience, resources and recognition. 

Since the acquisition in July 2022, Nido has integrated Smart Studios into its management systems in order to streamline operations as part of its wider strategy of using technology, which aims to improve operational performance and service to residents. Nido is also committed to strengthening the Smart Studios platform's ESG policies, with a particular focus on improving energy consumption and resident well-being.

Portugal continues to attract a significant number of international students due to the quality of the educational offer, together with competitive tuition fees and the quality of life available for young professionals, namely in cities like Lisbon and Porto. On the other hand, the growing student community has revealed a strong imbalance between supply and demand in this segment, where the accommodation solutions available are still largely non-institutional and lack modern and adequate conditions.

According to information that reached the editorial staff of SUPERCASA Notícias, Round Hill Capital's investment aims to improve the availability and quality of student accommodation in order to respond to the growing problem of demand.

话题
Investimento Imobiliário Lisboa Porto SUPERCASA Residências para Estudantes
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