GCP Student Living Completion of Apex House Acquisition

 
TIDMDIGS 
 
GCP STUDENT LIVING PLC 
 
        (the "Company" or, together with its subsidiaries, the "Group") 
 
Completion of Apex House Acquisition 
 
Further to the announcement on 20 June 2016, the Directors of GCP Student 
Living plc, the UK's first REIT focused on student residential assets, are 
pleased to announce the Company has now completed on the site acquisition in 
respect of the forward-funded development at Apex House, London. 
 
The Investment Manager, Gravis Capital Partners LLP, continues to review a 
number of attractive assets which may be suitable for the Company's portfolio. 
Further, as announced on 15 April 2016 the Company has entered into a 
conditional forward purchase agreement to acquire a high specification, 
purpose-built, private student residential accommodation residence offering 
c.170 studios and beds located adjacent to Royal Holloway, University of 
London, and which is expected to be completed for the 2017/18 academic year. 
 
For further information, please contact: 
 
Gravis Capital Partners LLP                                 [phone] 
 
Tom Ward                         [e-mail] 
 
Nick Barker                      [e-mail] 
 
Dion Di Miceli                   [e-mail] 
 
Stifel Nicolaus Europe Limited                              [phone] 
 
Neil Winward                     [e-mail] 
 
Mark Young                       [e-mail] 
 
Tom Yeadon                       [e-mail] 
 
Buchanan                                                    [phone] 
 
Charles Ryland                   [e-mail] 
 
Vicky Watkins                    [e-mail] 
 
About GCP Student Living plc 
 
The Company was the first student accommodation REIT in the UK. The Company 
invests 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. 
 
The Company currently owns and operates c.2,000 beds across six properties. Its 
assets are primarily occupied by international students and offer new high 
specification facilities and hotel-level concierge type services which the 
Investment Manager believes are attractive to overseas students. 
 
 
 
END 
 

(END) Dow Jones Newswires

September 28, 2016 08:05 ET (12:05 GMT)