Announced
Financials
Sources
Tags
Pending
Real Estate Holding and Development
student accommodation
Private
Majority
Acquisition
Friendly
Australia
Real Estate
Cross Border
Single Bidder
Private Equity
Synopsis
Brookfield, an investment manager, agreed to acquire student accommodation site in Australia for $370m. “The thematics driving student housing are strong as we move into a post-Covid environment. There has been significant growth in international student enrolments over the past 10 years, driven by a burgeoning Asian middle class who view Australia as an attractive studying location, and we expect growth to rebound in the coming years," Ruban Kaneshamoorthy, Brookfield Head of Real Estate Investments.
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