Urbanest now ranks as the fourth-largest student housing operator/owner in Australia. :
Washington State Investment Board (WSIB) has put its A$2bn (€1.25bn) Australian student accommodation business Urbanest up for sale. “Based on its preliminary feedback, there is already a huge interest in the portfolio,” a source said, adding that potential buyers could include parties like Singapore’s GIC, Greystar Real Estate Partners and possibly Brookfield. Other names include Scape, which is backed by Allianz, Bouwinvest, APG, a Middle East sovereign wealth fund as well as Iglu, which counts Macquarie Capital as a backer.