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US/Sweden: Brookfield Asset Management has acquired Unity Living, which describes itself as “a hybrid of elegant hotels and traditional rental apartments”.
Brookfield has bought the entire Unity Living portfolio across Sweden and Finland, marking its first living investment in the Nordics. The portfolio includes six newly-built assets totalling around 1,300 units, serving students, young professionals and corporate tenants in some of the region’s most undersupplied markets.
Brookfield is partnering with Berlin-based The Mesh Group, led by Armon Bar-Tur, to scale the Unity Living platform and build a high-quality, operationally focused living business across the region.
Pedro Correia Sousa, SVP at Brookfield, said: This transaction adds to Brookfield’s broader European living footprint and reflects our conviction in the long-term fundamentals of the European housing markets. We see strong potential in the region and look forward to continuing to grow our exposure.”
The Unity Living product was designed by British designer Tom Dixon.
Highlights:
• Brookfield Asset Management has acquired Unity Living, which describes itself as “a hybrid of elegant hotels and traditional rental apartments”
• The Unity portfolio consists of six newly-built assets totalling around 1,300 units, serving students, young professionals and corporate tenants in some of the region’s most undersupplied markets
• Brookfield is partnering with Berlin-based The Mesh Group, led by Armon Bar-Tur, to scale the Unity Living platform and build a high-quality, operationally focused living business across the region
