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.

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.

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