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Canada's Brookfield Asset Management Company has become the majority owner of Swedish commercial real estate investment giant SBB's school properties division. s

Canada’s Brookfield Becomes Majority Owner of Sweden’s SBB EduCo

Canada’s Brookfield Asset Management has become the majority owner of Swedish commercial real estate investment giant SBB’s school properties division.

Toronto-based Brookfield purchased a 1.16% interest in SBB EduCo on Sunday for $29.28 million after the Canadian company’s attempt to acquire full ownership of the firm in July was rejected.

The deal gives Brookfield gives Brookfield approximately 52% of EduCo after purchasing a 49% minority interest in 2022. SBB will retain an ownership stake with its share adjusted to about 48%.

The transaction provides a financial injection of about eight billion Swedish krona to SBB through partial repayment of a loan that SBB provided to EduCo following Brookfield’s initial 2022 investment. EduCo will become a stand-alone company and no no longer be a subsidiary of SBB.

But SBB, along with Brookfield, will be represented on EduCo’s board.

Photo: Mats Wiklund /


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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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