Round Hill acquires student resi business for EUR 513m - report

London-based real estate investment firm Round Hill Capital is reportedly acquiring UK student accommodation specialist Nido from private equity firm Blackstone for £420 mln (EUR 513 mln).

Property Week said on Tuesday that the two sides have exchanged contracts on the transaction, one of the largest corporate real estate deals since the downturn.

The acquisition covers three student accommodation schemes, totalling 2,000 beds, in London and the operating company, Property Week said. A development site in Barcelona was not included in the transaction, but may be added later.

Round Hill and Blackstone were unavailable for comment.