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    Home»Deals & Transactions»Brookfield Starts $4.7 Billion Student-Dorm Unit Sale
    Deals & Transactions

    Brookfield Starts $4.7 Billion Student-Dorm Unit Sale

    February 16, 20221 Min Read
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    Brookfield Asset Management Inc. is preparing to kick off the sale of one of the U.K.’s largest student-accommodation businesses amid heightened investor demand for such assets, according to people familiar with the matter.

    The infrastructure specialist is working with advisers on the disposal of Student Roost, which could be valued at more than 3.5 billion pounds ($4.7 billion), the people said, asking not to be identified as the matter is private. It will send marketing documents to potential suitors imminently and the sale is likely to attract private equity and strategic bidders, including Blackstone Inc. and Unite Group Plc, the people said.

    A sale of the Student Roost could be the largest deal in the sector since Blackstone Inc. agreed to buy the iQ Student Accommodation business from Goldman Sachs Group Inc. and the Wellcome Trust for about $6 billion in 2020.

    Read more: Bloomberg

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