MADRID (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
Bankinter Makes Binding Offer for Brookfield's Student Housing Platform
MADRID (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)
