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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 |
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
(END) Dow Jones Newswires
August 29, 2017 02:00 ET (06:00 GMT)
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