Announced
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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