Insights > Deals
Ardian and Rockfield take Nido's five‑asset Portugal portfolio for €80m
14 September 2026 | Portfolio acquisition | Portugal | 883 beds | Operational
The completed sale transfers five mature, income‑producing residences across Greater Lisbon and Porto into the buyers' pan‑European student housing strategy.
Key details
Asset type | Operational |
Location | Lisbon and Porto, Portugal |
Capacity | 883 beds |
Seller | Nido Livensa Group |
Buyer | Ardian / Rockfield |
Value | €80 million |
Source: Idealista
The portfolio comprises Nido Carcavelos, Nido Ajuda, Nido Santa Apolónia, Nido Estoril and Nido Asprela. Nido Livensa selected the properties after a strategic review following the integration of Livensa Living, identifying mature, stabilised assets at a natural point in their investment cycle. The seller retains five residences in Coimbra, Lisbon and Porto.
Proceeds are intended for new development and acquisition opportunities across continental Europe.
Strategic context
For Ardian and Rockfield, the portfolio deepens an existing pan‑European PBSA strategy and adds scale in undersupplied Iberian university markets.
For Nido Livensa, the disposal is capital recycling rather than a market exit: Portugal remains a core geography while the group works towards 25,000 beds by 2031, with growth focused on Iberia, Italy and Germany.
SUBSCRIBE TO STUDENT HOUSING INSIDER
Stay close to the student housing market
Subscribe to Student Housing Insider for a weekly update on student housing transactions, development pipeline, market trends and selected BONARD analysis.
Designed for investors, developers, operators, lenders and market participants tracking the student housing sector.