Student housing group Nido has partnered with Nuveen Real Estate to open and operate its first purpose-built student housing accommodation (PBSA) scheme in Copenhagen.
Nido Bryggen is a 16,500 m2 student residence with 443 rooms, which Nuveen acquired on a forward purchase basis in 2020. Nido is responsible for the marketing, leasing, building management and tenant management of the property.
The 443-room scheme consists of 331 studios, 53 two-bedroom apartments (106 beds), six one-bedroom apartments and is due to complete in July 2022. All residences come fully furnished with kitchen facilities and many feature a private balcony. Furthermore, there are 17 communal kitchens that include additional cooking, dining and socialising space.
Located in the Amagerbro district on Njalsgade, the residence is conveniently situated a few minutes’ walk from Islands Brygge metro station on the M1 line. It sits opposite the University of Copenhagen's South Campus, home to the faculty of humanities.
Nido currently operates 23 student residences across Europe, with an additional secured pipeline of over 5,400+ beds mobilising in the coming years across territories including Spain, Portugal, Italy, Ireland and Germany.
Andrew Rich, fund manager, Nuveen Real Estate, said: ‘The PBSA sector has seen a record year for investment across Europe and we expect to see demand for student accommodation bounce back to pre-pandemic levels for this academic year. With the Bryggens campus having a strong focus on community driven city life for students, Nido were the perfect operational partner to bring the new residence to life.’
