GIC and Greystar completed the acquisition of Student Roost from Brookfield for $4.2bn.

GIC, a sovereign wealth fund, and Greystar, a provider of real estate services, completed the acquisition of Student Roost, a purpose-built student accommodation provider, from Brookfield, an alternative asset management company, for $4.17bn. “GIC is pleased to close on Student Roost, the UK’s third-largest student accommodation provider. This partnership with Greystar will provide a strong platform for Student Roost to pursue further growth while continuing to offer exceptional purpose-built student accommodation with good occupancy rates. We look forward to working closely with them both," Lee Kok Sun, GIC CIO of Real Estate.