Advertisement
Canada markets open in 7 hours 53 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7329
    +0.0005 (+0.07%)
     

  • CRUDE OIL

    83.96
    +0.39 (+0.47%)
     

  • Bitcoin CAD

    87,802.65
    +155.47 (+0.18%)
     

  • CMC Crypto 200

    1,387.10
    +4.53 (+0.33%)
     

  • GOLD FUTURES

    2,348.10
    +5.60 (+0.24%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,760.00
    +192.50 (+1.10%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    38,022.32
    +393.84 (+1.05%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Singapore's GIC, partner buy UK student housing portfolio

Reuters

(Reuters) - GIC Private Ltd [GIC.UL], Singapore's sovereign wealth fund, said it partnered with Global Student Accommodation UK Ltd to buy a UK student accommodation portfolio from Oaktree Capital Management LP [OAKCP.UL]. The transaction for the portfolio of 7,150 beds is the largest student accommodation deal so far this year, GIC said on Thursday. Britain's property sector was hit hard by the country's historic vote in June to leave the European Union, but the market has since steadied. Terms of the deal were not disclosed. (Reporting by Pranav Kiran in Bengaluru; Editing by Sriraj Kalluvila)