Brookfield Is Planning to Sell Its Spanish Student Housing Business for €1.3 Billion
- Morgan Stanley and Eastdil Secured appointed to advise seller
- Livensa Living has grown rapidly since acquisition in 2019
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Brookfield Asset Management is offering its Spanish student housing business Livensa Living for sale, according to people with knowledge of the matter.
The firm has appointed Morgan Stanley and Eastdil Secured LLC to advise on the sale, the people said, asking not to be identified as the process is private. The portfolio is expected to attract bids in the region of €1.3 billion ($1.3 billion), the people said, asking not to be identified as the details are private. A spokesperson for Brookfield declined to comment.