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DIGS Gcp Student Living Plc

212.50
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
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

GCP Student Living Novation of Investment Management Agreement

20/04/2017 9:24am

UK Regulatory


 
TIDMDIGS 
 
GCP Student Living plc 
 
                                (the "Company") 
 
Novation of Investment Management Agreement 
 
20 April 2017 
 
The Company has today approved the novation of its Investment Management 
Agreement from Gravis Capital Partners LLP to Gravis Capital Management 
Limited, as part of the transfer of the Investment Manager's fund management 
and advisory business from a limited liability partnership to a 
newly-incorporated limited company under substantially the same ownership. 
 
All other contractual arrangements in the Investment Management Agreement 
including fees, term, key persons and service provision remain unchanged. 
 
For further information, please contact: 
 
Gravis Capital Management Ltd                            +44 20 7518 1490 
 
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 Watkins                  victoriaw@buchanan.uk.com 
 
About GCP Student Living plc 
 
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. 
 
The Group has an estimated total asset value of c.GBP690 million including six 
standing assets, providing c.2,000 modern studios and beds, and one 
forward-funded development asset which will provide a further c.580 beds on 
completion. A further asset, Woburn Place, will provide c.420 beds following 
refurbishment. 
 
The Company's standing assets are primarily 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 
 

(END) Dow Jones Newswires

April 20, 2017 04:24 ET (08:24 GMT)

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