Spanish lender Bankinter has submitted a binding offer for Livensa, a student accommodation platform owned by Canadian fund Brookfield, in what could become one of the sector's largest deals in recent years, Spanish daily Cinco Días reported on Wednesday.
The newspaper notes that Bankinter is among the interested parties looking to acquire the platform, which is valued at around €1.2 billion ($1.36 billion), according to unnamed real estate sources.
Bankinter declined to comment, while Brookfield was not immediately available for comment.
A source told Reuters that Canadian fund CPPIB and private equity giant KKR are also among the interested parties. CPPIB and KKR were not immediately available for comment.
($1 = €0.8821)
(Reporting by Jesús Aguado and Andrés González; editing by Inti Landauro; Spanish edition by María Bayarri Cárdenas)
