The bid, which was submitted on Friday (May 27), saw GIC and Greystar emerging as the successful bidders on Sunday.
The pair beat a trio of competitors that included US private equity giant Blackstone, UK company Unite Students and specialist student housing investor GSA, according to the Financial Times’ sources.
The transaction is among the largest real estate deals in the UK since the Covid-19 pandemic struck, says the paper.
Brookfield was advised by Eastdil Secured and Morgan Stanley on the deal.
See also: Frasers Property in real estate JV with Morgan Stanley
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Brookfield and Greystar declined to comment, while GIC did not immediately respond to a request for comment.
