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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gcp Student Living Plc | LSE:DIGS | London | Ordinary Share | GB00B8460Z43 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 212.50 | 212.50 | 213.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMDIGS
GCP STUDENT LIVING PLC
(the "Company" or, together with its subsidiaries, the "Group")
Portfolio Update
The Board is pleased to announce that the Company's property portfolio is now
fully occupied with respect to the 2016/17 academic year. The average rental
growth as compared with the 2015/16 academic year is 3.9 per cent.
This announcement contains inside information.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gravis Capital Partners LLP (the "Investment Manager")
Tom Ward tom.ward@gcpuk.com +44 20 7518 1490
Nick Barker nick.barker@gcpuk.com
Dion Di Miceli dion.dimiceli@gcpuk.com
Stifel Nicolaus Europe Limited
Neil Winward neil.winward@stifel.com +44 20 7710 7600
Mark Young mark.young@stifel.com
Tom Yeadon tom.yeadon@stifel.com
Buchanan
Charles Ryland charlesr@buchanan.uk.com +44 20 7466 5000
Vicky Watkins victoriaw@buchanan.uk.com
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, and
has secured c.750 beds currently expected to be operational for the 2017/18
academic year. Its operational 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 29, 2016 09:50 ET (13:50 GMT)
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