Round Hill to forward-fund Watkin Jones’ Project Colorado for expansion plan

The Nido Collection

Investor poised to forward-fund package of seven student housing developments

The Project Colorado portfolio, which was put up for sale in February, comprises 2,598 beds across properties in Wembley, Waltham, Bristol, Glasgow, Coventry and Chester.

If completed, the deal would take Round Hill a significant step closer to its target of 20,000 beds in the UK, Ireland, Portugal, Netherlands and Spain under The Nido Collection brand by 2020. Round Hill, which bought The Nido Group from Blackstone in 2012 for £415m, currently has a portfolio of more than 2,500 beds in operation as well as 5,000 beds in various stages of development.

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