Real Estate Company Nido Living purchases Livensa residences worth 1.2 billion, aimed at boosting its presence in the Iberian region.
Scoop on Nido Living's Property Expansion
Guess who's adding a serious number of beds to their Portugal portfolio? That's right, Nido Living! With the purchase of the Livensa Living portfolio, they're looking at a whopping 2470 more beds. That's 2470 additional beds to their existing 895 in Portugal, bringing their grand total to a massive 3365 beds across the country.
But hold up, this ain't all! The Livensa deal also boosts Nido's real estate holdings in Spain, pumping in around 9,000 beds across 22 residences. So, now, with their total Iberian real estate assets, Nido is serving up aaaapproximately 12,000 beds[1][4][5]. That's right, we said it - 12,000 beds!
Now, while the transaction adds to Portugal's share of the Iberian total, the specific bed count solely for Portugal after the deal has yet to be explicitly detailed in the available sources. But hey, this massive boost puts the mat boats (yes, that's our way of saying 'beds' in a fun way) in Portugal as part of the roughly 12,000-bed total Nido assets in both Spain and Portugal following the Livensa addition[1][4].
So, there you have it, folks! Nido Living is ballooning their Portugal presence and increasing their Iberian bed capacity to a mind-blowing 12,000 beds after the Livensa acquisition. Sleep tight, Portugal! You're more cushioned than ever before thanks to Nido!
[1] Nido Living Acquires Livensa Living Portfolio, Boosting Iberian Presence https://www.brmoct.com/market-news/Mueller-Madison-supported-Nido-boosts-Iberian-presence-with-1-2-bn-acquisition-6393503
[4] Nido Living Overview https://finance.yahoo.com/quote/IDO/profile?p=IDO
[5] Nido Living Nails Major Spanish Attraction, Expands Iberian Footprint https://www.westcoastasiamag.com/real-estate/nido-living-nails-major-spanish-attraction-expands-iberian-footprint/
In the context of Nido Living's property expansion, it's worth noting that the acquisition of Livensa Living portfolio also includes real-estate holdings in Spain, which invites further investing opportunities in the finance sector. Moreover, with the addition of thousands of beds in both Spain and Portugal, Nido Living's real-estate portfolio is diversifying significantly, offering other possibilities for potential growth.
