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Bankinter bids for Brookfield's student residence platform, Cinco Dias reports
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Bankinter bids for Brookfield's student residence platform, Cinco Dias reports
May 26, 2025 11:24 AM

MADRID, May 21 (Reuters) - Spain's Bankinter

has submitted a binding bid for Livensa, a student accommodation

platform owned by Canadian fund Brookfield, in what

would be one of the largest deals in the sector in recent years,

Spain's Cinco Dias reported on Wednesday.

The paper said that Bankinter was one of the parties

interested in acquiring the platform, which is valued at around

1.2 billion euros ($1.36 billion), according to unidentified

real estate sources.

Bankinter declined to comment while Brookfield was not

immediately available to comment.

A source told Reuters that the Canadian fund CPPIB and

venture capital giant KKR were also among the interested

parties. CPPIB and KKR were not immediately available for

comment.

($1 = 0.8821 euros)

(Reporting by Jesús Aguado and Andrés González; editing by Inti

Landauro)

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