Brookfield to sell U.K. student housing business valued at $4.2 billion
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The sale of the business is one of the largest deals in the sector
Author of the article:
Bloomberg News
Dinesh Nair
Brookfield Asset Management Inc. has sold its Student Roost portfolio to GIC Pte. and Greystar Real Estate Partners. Photo by Lisa Maree Williams/Bloomberg
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GIC Pte. and Greystar Real Estate Partners have agreed to buy one of the U.K.’s largest student-accommodation businesses from Brookfield Asset Management Inc.
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The Singaporean wealth fund and U.S.-based property investor announced the takeover of the Student Roost portfolio in a statement on Monday. Financial details were not disclosed.
The deal values Student Roost at roughly £3.3 billion (US$4.2 billion), people familiar with the matter said, asking not to be identified discussing confidential information.
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Student housing continues…
