Clifford Chance advises on €1.2B student housing deal in Spain

Clifford Chance has advised Nido Living, a European platform specialising in student accommodation, on the acquisition of the Brookfield-owned Livensa Group in a transaction valued at around €1.2 billion. This strategic transaction reinforces Nido’s presence in the Iberian market and accelerates its ambition to reach 25,000 beds in continental Europe by 2031. According to the law firm, this transaction could be one the most importants of the real estate market in Spain in 2025.

Legal advice was provided by a multidisciplinary team including the offices in Madrid, Amsterdam and London, led by Real Estate partner Carlos Portocarrero (pictured), along with counsel María Pradillo and associates Jorge Barrero, Itziar Kraus and Paula Abad. Partner Felipe Font advised on the financing, together with counsel Carl Fitzgerald and associates Sofía Riaño and Elena Euba, with anti-trust advice from senior counsel Begoña Barrantes and associates Ana Latorre and Juan Valcárcel advising on the insurance angle. Sonsoles Callejo advised on compliance matters.