GIC Pte. and Greystar Real Estate Partners have agreed to buy one of the UK’s largest student-accommodation businesses from Brookfield Asset Management Inc.
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.
The sale of the business is one of the largest deals in the sector since Blackstone agreed to buy the iQ Student Accommodation business from Goldman Sachs Group Inc. and the Wellcome Trust for about US$6 billion in 2020.
Read more: BNN Bloomberg
