US pension fund said to mull sale of Aussie student housing business

US pension fund said to mull sale of Aussie student housing business

Pedestrians cross a road in Brisbane, Australia. Photographer: Ian Waldie/Bloomberg News Photo by Bloomberg

The Washington State Investment Board (WSIB) is looking to exit its Australian student accommodation business Urbanest, an asset that has generated interest among a potential list of buyers that include Singapore’s GIC, Allianz-backed Scape and APG.

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