Nido Living expands further in the Spanish capital

Nido Príncipe Pío delivers 636 beds targeted to students in the Spanish capital redefining the experience of studying and living in Madrid.

Nido Principe Pio in Madrid | PBSA News
Nido Principe Pio in Madrid.

Nido Living has launched its second project in Madrid and fourth in Spain with Nido Príncipe Pío. This new flex living development follows the launch by Nido in Valencia earlier this year.

Príncipe Pío will be located in the heart of the capital and provides 636 beds aimed specifically at university students and young professionals.

It is now open for bookings for the new academic year when the scheme will officially open its doors.

Nido Príncipe Pío

Nido Príncipe Pío has 636 beds across 11 floors with a variety of room types. Most room types are private and have a large bed, a long desk with office chair, television, bathroom facilities and a large wardrobe, with a few shared rooms available for friends booking together.

Rooms come with a shared kitchen with induction hobs and ovens, microwave, dishwasher and sinks. Studios have an integrated, private kitchen, including an induction hob, extractor fan, microwave oven and fridge with freezer, as well as a breakfast bar.

Nido Príncipe Pío also includes common areas that foster community and leisure time, such as a swimming pool and rooftop terraces, fitness games rooms and cinema.

“Madrid offers great opportunities for growth in the sector because of the large number of students moving from their home city within the country and because it is one of the preferred destinations for international and Erasmus students.

“One of the challenges facing the sector is the scarcity of land on which to build in Madrid and Barcelona, so opening a scheme with so many places in the centre of the capital is a great opportunity to increase Madrid’s prestige as one of Europe’s great university cities Príncipe Pío and last month’s launch of Nido Malvarrosa in Valencia are part of our ambitious growth plan in Spain.”

Darren Gardner, CEO of Nido Living

Nido Living landed in Madrid last year with its first student residence in Aravaca. This year it will continue to expand its presence in the capital with this flex living space strategically located in the centre of the city, on Paseo de la Florida.

The scheme is located just a few minutes away (via public transport) from the Complutense University of Madrid, the Polytechnic University of Madrid, the Pontifical University of Comillas and Nebrija University.

In addition, the location provides plenty of tourist attractions being close to famous Madrid monuments such as the Playa Mayor, the Royal Palace and the Temple of Debod, together with the Príncipe Pío Shopping Centre and the Madrid Río park.  

Nido Principe Pio games lounge | PBSA News
Nido Principe Pio games lounge.

The launch of Nido Príncipe Pío follows a €120m Euro investment by Nido who saw the opportunity to deliver much-needed accommodation in the city. The company purchased the high-profile building previously occupied by the Florida Norte hotel.

According to a report by JLL, Madrid is the region in Spain with the most student residences and the largest number of university students. However, the city has a deficit of 45,930 beds, as there are 61,768 students in need of accommodation but only 15,838 beds in residential complexes.

Our centres always ensure maximum comfort for students through the location, the design of the rooms and the services offered, but we also prioritise socialising. We understand the university stage as one of the most special, so our goal is to maximise this experience by offering quick attention, common areas that are committed to personal relationships and events throughout the year created according to the interests of the students“, explains Blanca Medina, Residence Manager of Nido Living in Madrid.  

Blanca Medina, Residence Manager of Nido Living in Madrid

This month, Nido appointed former CA Ventures President, Carlo Matta, as CEO. During his six-year tenure at CA Ventures, Carlo spearheaded the development of 4,500 purpose-built student accommodation (PBSA) beds and the management of 6,000 beds across continental Europe and the UK, demonstrating his ability to drive growth initiatives across the continent.