Urbanest to sell Australian student housing arm

By 2024, it expects NOI to be A$125 million, supported by the launch of its 15th asset in Melbourne two years from now, Urbanest said in a statement.

Urbanest will be advised by M3 Capital Partners, on behalf of its Evergreen Real Estate Partners Investment Platform, and Savills Capital Advisors.

($1 = 1.4558 Australian dollars)

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Bernard Orr)

((NikhilKurian.Nainan@thomsonreuters.com; +91 806 749 1637; Reuters Messaging: nikhilkurian.nainan.thomsonreuters.com@reuters.net; Twitter: @NikhilKurianN))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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