Brookfield acquires 50% in Journal Student Living from Citiplan
Canada’s Brookfield Asset Management has bought a 50% stake in the student accommodation manager from Citiplan, which continues to own the remaining 50% in a JV.
BigThink
Canada’s Brookfield Asset Management has bought a 50% stake in the student accommodation manager from Citiplan, which continues to own the remaining 50% in a JV.
August 06, 2024
Brookfield Asset Management Brookfield has acquired a 50% shareholding of Journal Student Living Journal, a Melbourne-based student accommodation manager, according to an August 5 media release. Brookfield purchased their stake from Citiplan, an Australian integrated property platform, who will retain the remaining 50% interest the amount is undisclosed.
Brookfield is a global alternative asset manager, overseeing over $925 billion of assets across sectors such as renewable power, infrastructure, private equity, real estate and credit. Brookfield also has a $7.4 billion global student accommodation business, holding over 200 assets and making up more than 60,000 beds across Europe and the US.
Brookfield operates under Brookfield Corporation,...
¬ Haymarket Media Limited. All rights reserved.
FinanceAsia has updated its subscription model.
Registered readers now have the opportunity to read 1 article per month from our award-winning website for free.
To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.
To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222
