Clifford Chance advises on the real estate financing of Nido Living´s PBSA portfolio in Spain and Portugal

Clifford Chance has advised Nido Living with a strategic plan to expand in Italy and Germany, on the approximately € 210m real estate financing of its PBSA (Purpose-Built Student Accommodation) portfolio in Spain and Portugal. The team also provided legal advice on the corporate reorganisation of the group, thereby strengthening its structure and presence in the Iberian market.

The legal advice was provided by a multidisciplinary Clifford Chance team involving the Madrid, Amsterdam, Luxembourg and London offices. The transaction was led by Global Financial Markets partner Felipe Font, alongside associate Claudia de Olaran. The team also included associates Lucía Domínguez, Juan Conde-Pumpido and Ana de la Torre; counsel María Pradillo, senior associate Jorge Barrero, and associate Itziar Kraus from the Real Estate team. From the Corporate team, associates Sofía Albiñana and Xabier Olabarri were involved. In relation to English law matters, counsel Carl Fitzgerald advised.

From Amsterdam, partner Titus de Vries and counsel Amin Tamaddoni were involved. The Luxembourg office contributed through Global Financial Markets partner Stefanie Ferring, counsel Antonio Arenas Torres, and associates Javier Fernández-Becerra and Patrizio Merotto, alongside Corporate partner Katia Gauzès, counsel Simone Schmitt, senior associate Frédérique Davister, and associate Reda Azaoum. In London, the Global Financial Markets team was represented by senior associate Liam Dunne, while the Corporate team included partner Olivia Higgs, senior associate Sabine van den Heuvel, associate Jeremy Pui, and trainee solicitors Cameron McGauchie and Ananya Bagri.

Clifford Chance worked in coordination with Portuguese law firm PLMJ Advogados, SP, RL in relation to the assets located in Portugal.