GCP Student Living Portfolio Update
29 August 2017 - 4:00PM
UK Regulatory
TIDMDIGS
GCP Student Living plc
(the "Company" or "GCP Student Living", together with its subsidiaries the
"Group")
LEI: 2138004J4ID66FK38H25
Portfolio update
The Directors of GCP Student Living, the UK's first REIT focused on student
residential assets, are pleased to announce that construction of the Company's
first forward funded development asset, Scape Wembley, has been completed on
schedule ahead of the 2018/19 academic year.
Scape Wembley is adjacent to the iconic Wembley Stadium in London and within
short walking distance of Wembley Park station, with travel times of 14 minutes
to Marylebone, 20 minutes to Bond Street and 25 minutes to King's Cross.
Student bookings at the property in respect of the upcoming academic year are
ongoing.
For further information, please contact:
Gravis Capital Management Limited +44 20 3405 8500
Tom Ward tom.ward@gcpuk.com
Nick Barker nick.barker@gcpuk.com
Dion Di Miceli dion.dimiceli@gcpuk.com
Stifel Nicolaus Europe Limited +44 20 7710 7600
Neil Winward neil.winward@stifel.com
Mark Young mark.young@stifel.com
Tom Yeadon tom.yeadon@stifel.com
Buchanan +44 20 7466 5000
Charles Ryland charlesr@buchanan.uk.com
Vicky Hayns victoriah@buchanan.uk.com
About GCP Student Living
The Company was the first student accommodation REIT in the UK, investing in
modern, purpose-built, private student residential accommodation and teaching
facilities. Its investments are located primarily in and around London where
the Investment Manager believes the Company is likely to benefit from supply
and demand imbalances for student residential accommodation.
GCP Student Living's property portfolio comprises nine assets with c.3,450 beds
which are either currently fully operational or expected to complete
construction / refurbishment over the next two academic years. At 30 June 2017,
its property portfolio was valued at GBP467.0 million.
The Company's standing properties are mainly occupied by international students
and offer high specification facilities and hotel-level concierge type services
which the Investment Manager believes are attractive to overseas students.
END
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