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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 support

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'

largest institutional investors that manages funds for the Canada Pension

Plan. Nido's Iberian PBSA portfolio comprises circa 3,000 student room

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 i

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 businesse

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

27.08.2025 CET/CEST Veröffentlichung einer Pressemitteilung, übermittelt

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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

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