Brookfield buys ECLA Paris from Harrison Street

Harrison Street Real Estate Capital has sold ECLA Paris, a high-end student accommodation property located at the University of Paris-Saclay Campus, to Brookfield.

Terms of the transaction were not disclosed.

ECLA Paris opened at the start of the 2018 semester and has more than 1,200 beds, and features state-of-the-art amenities such as study lounges, a fitness center, e-sports and games rooms, music studios, restaurants, and high-end services, including language support in Mandarin, Spanish, English, and French. The property was developed as part of a joint venture between Harrison Street and HPC Group.

Daniel Gorzawski, head of Europe at Harrison Street, said, “This transaction reflects Harrison Street’s commitment to creating value for investors through unique partnerships with best-in-class developers and operators as well as leading universities across Europe. We look forward to continuing to identify and execute attractive investment opportunities in F