Aareal Bank arranges EUR210 million loan to finance Nido Living's Iberia PBSA portfolio EQS-Media / 27.08.2025 / 14:07 CET / CEST Aareal Bank arranges EUR210 million loan to finance Nido Living's Iberia PBSA portfolio Wiesbaden, 27 August 2025 - Aareal Bank is pleased to announce the successful closing of a EUR210 million club financing for Nido Living's Iberia purpose-built student accommodation (PBSA) portfolio, which includes ten student housing assets in key university cities in Spain and Portugal.

Aareal Bank arranges EUR210 million loan to finance Nido Living's Iberia PBSA portfolio

EQS-Media / 27.08.2025 / 14:07 CET/CEST

Aareal Bank arranges EUR210 million loan to finance Nido Living's Iberia PBSA
portfolio

Wiesbaden, 27 August 2025 - Aareal Bank is pleased to announce the
successful closing of a EUR210 million club financing for Nido Living's Iberia
purpose-built student accommodation (PBSA) portfolio, which includes ten
student housing assets in key university cities in Spain and Portugal.

Aareal Bank acted as arranger, facility agent, and security agent,
successfully structuring this substantial club deal. The financing supports
Nido Living and its shareholder, the Canada Pension Plan Investment Board
(CPP Investments), in the strategic strengthening of their existing platform
in the fast-growing student housing markets of Spain and Portugal, where
demand for high-quality accommodation remains significantly above supply.

Nido Living is a leading European student accommodation platform, owned by
CPP Investments, a Canadian Crown corporation, and one of the world's
largest institutional investors that manages funds for the Canada Pension
Plan. Nido's Iberian PBSA portfolio comprises circa 3,000 student rooms
across ten assets in Madrid, Seville, Valencia, Lisbon, and Porto, all
operated under the well-established, award winning, Nido brand.

The assets boast strong ESG credentials, with many demonstrating excellent
energy performance and the majority holding BREEAM "Very Good"
certifications, which qualify most of the financing as "Green Loan" in
accordance with Aareal Bank's Green Finance Framework.

Strong demand fuels growth in alternative living sector

This deal marks another milestone for Aareal Bank in its expansion into the
growing PBSA sector in Europe and showcases its expertise in structuring
complex club deals and sustainable financing solutions.

"The European PBSA sector is increasingly attractive for its stable
occupancy rates, resilient demand, and long-term, inflation-protected income
streams," said Benjamin Walter, Head of Alternative Living Properties at
Aareal Bank. "We are honored to support this new partnership with Nido
Living and CPP Investments in delivering high-quality, sustainable student
housing in some of Iberia's most attractive university markets across Spain
and Portugal."

Ryan Lee, CFO at Nido Living, added: "We are delighted to have successfully
closed this financing in partnership with Aareal Bank. Their deep
understanding of the student accommodation sector and ability to navigate
the complexities of a cross-border, multi-asset transaction were
instrumental in achieving this outcome. The team's strategic guidance and
execution capabilities have proven invaluable throughout the process."

The legal advisory team included Slaughter & May, Cuatrecasas, Uria, and
Elvinger Hoss Prussen on the lenders' side. Nido was advised by Eastdil
Secured L.L.C as sole financial advisor, Clifford Chance as legal advisor
and PJLM. Knight Frank acted as valuer for the portfolio.

Contact for the media:
Christian Feldbruegge
Phone: +49 (0)611 348 2280
Mobile: +49 (0) 171 866 7919
Email : christian.feldbruegge@aareal-bank.com
Web: www.aareal-bank.com

About Aareal Bank
Aareal Bank AG, headquartered in Wiesbaden, is a leading international
property specialist. The Bank uses its expertise to identify trends,
challenges and opportunities at an early stage, and to exploit them for the
benefit of its stakeholders. It provides financings, banking services and
payments solutions for the property sector and related industries, and is
present across three continents, Europe, North America and Asia. Aareal
Bank's business strategy focuses on sustainable business success, with
environmental, social and governance (ESG) aspects as an integral part of
this strategy.

Aareal Bank comprises the business segments Structured Property Financing
and Banking & Digital Solutions. The Structured Property Financing segment
contains the property financing and refinancing activities. Here, the Bank
supports its clients in making large-volume commercial property investments.
The investment properties mostly comprise office buildings, hotels, shopping
centres, logistics and residential property, as well as student apartments.
In the Banking & Digital Solutions segment, Aareal Bank supports businesses
from the housing, property management and energy industries as a
digitalisation partner - combining extensive advisory services and product
solutions with traditional corporate banking services and deposit-taking.


Ende der Pressemitteilung

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Emittent/Herausgeber: Aareal Bank AG
Schlagwort(e): Immobilien

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   Sprache:        Deutsch
   Unternehmen:    Aareal Bank AG
                   Paulinenstr. 15
                   65189 Wiesbaden
                   Deutschland
   Telefon:        +49 (0)611 348 - 0
   E-Mail:         aareal@aareal-bank.com
   Internet:       www.aareal-bank.com
   ISIN:           XS2971584813
   WKN:            A289M2
   Börsen:         Freiverkehr in Berlin, Düsseldorf, Frankfurt, Hamburg,
                   Hannover, München, Stuttgart, Tradegate Exchange; Börse
                   Luxemburg
   EQS News ID:    2189338



   Ende der Mitteilung    EQS-Media
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2189338 27.08.2025 CET/CEST