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Sign in Sign up for a FREE subscriptionWSIB to sell Australian student housing business
The $128 billion Washington State Investment Board (WSIB) is looking to sell its Australian student housing business Urbanest Pty Ltd. Urbanest is worth about A$1 billion ($700 million), and Urbanest hired Savills to manage the sale.
WSIB has invested in Urbanest for more than 11 years and has built the business to scale. Its portfolio consists of 14 operations assets in Australia, totaling 7,408 beds.
