01:12 PM EST, 01/15/2025 (MT Newswires) -- (Updates with Morgan Stanley ( MS ) declines to comment the fourth paragraph.)

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 appointed Morgan Stanley ( MS ) and Eastdil Secured to advise on the potential sale, the report said.

Morgan Stanley ( MS ) declined to comment to MT Newswires. Brookfield and Livensa Living didn't immediately respond to requests for comment, and Eastdil Secured couldn't be reached.

(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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