Singapore's Mapletree Investments Pte Ltd. and Canada's Brookfield Asset Management Inc. are believed to be in competition to invest approximately A$600 million in Goldman Sachs Group Inc.'s Atira student accommodation joint venture with Blue Sky Alternative Investments Ltd., The Australian reported.

The Atira purpose-built platform in Australia and New Zealand is aiming to expand its portfolio to upwards of 10,000 beds from over 3,500 beds across six Australian sites. According to unnamed industry executives cited in the Oct. 17 report, the vendors are more interested in finding a backer rather than a competitor.

The company that secures the deal will have the chance to buy a partial interest in Blue Sky's Atira Student Living operating company and stakes in existing student accommodation properties, the publication added.

Marketing agent JLL did not comment on the matter, while Mapletree and Blue Sky both declined to provide a statement, according to the paper.