Canadian investment firm Brookfield has denied reports of a possible sale of Livensa Living, a student housing company with 22 assets in Spain and Portugal, offering over 8,000 beds.
According to Spanish press reports, the sale process was expected to begin in 2024 or early 2025. Allegedly several potential buyers, including sovereign funds and real estate funds, expressed interest in a deal that could potentially be worth €1 bn.
However, a Brookfield spokesperson told PropertyEU that 'we are not currently looking to sell the business and do not have a live process or bank mandated on this.’
Livensa Living’s current portfolio includes 17 residences in key university cities in Spain, namely Barcelona (2), Madrid (3), Salamanca, Seville, Bilbao, Granada (2), Pamplona, San Sebastian, Valencia (2), and Málaga. The remaining five are in Portugal, of which one is in Coimbra, two in Porto, and two in Lisbon.
Additionally, Livensa Living owns several development projects across key cities in Spain and Portugal. One asset is under construction and one is under development in Barcelona.
Livensa Living also operates the Livensa Studios brand for business, tourist, or study travelers, but of shorter duration, the so-called flex living segment.
Brookfield entered the Iberian student residence market in 2020 as part of a JV with the founders of Temprano Capital Partners. In January 2024, the two partners secured €85 mln financing for the Livensa Living platform.
