Brookfield Asset Management (BAM) is planning to sell its Livensa Living student housing business in Spain, Bloomberg reported Wednesday, citing people with knowledge of the matter.
The business is anticipated to attract offers of around 1.3 billion euros ($1.34 billion), the people reportedly said.
The company has appointed Morgan Stanley and Eastdil Secured to advise on the potential sale, according to the report.
Brookfield, Morgan Stanley and Livensa Living didn't immediately respond to requests for comment from MT Newswires, while Eastdil Secured couldn't be reached for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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