Brookfield's negotiations to sell its International Campus student housing platform to Norges Bank Investment Management have reportedly broken down. The proposed €1.6 billion sale involved a major European student accommodation portfolio. The parties could not agree on terms after several months of discussions. The reasons for the deal's collapse remain undisclosed.
International Campus operates as a significant player in the European student housing market. The failed transaction would have marked a major acquisition for Norges Bank, targeting the expanding student and co-living residential sector. The portfolio's future remains unclear following the deal's breakdown.