GCP Student Living PLC Investor Report 30 June 2019 (5713H)

TIDMDIGS

RNS Number : 5713H

GCP Student Living PLC

01 August 2019

GCP Student Living plc

("GCP Student" or the "Company", together with its subsidiaries the "Group")

LEI: 2138004J4ID66FK38H25

Investor Report 30 June 2019

GCP Student Living, the UK's first REIT focused on student residential assets, has published its Investor Report for the period to 30 June 2019. The report is available at:

https://www.graviscapital.com/funds/gcp-student/literature

For further information please contact:

   Gravis Capital Management Limited                            [phone] 

Nick Barker

Dion Di Miceli

   Stifel Nicolaus Europe Limited                                     [phone] 

Neil Winward

Mark Young

Tom Yeadon

   Buchanan / Quill                                                             [phone] 

Helen Tarbet

Henry Wilson

About GCP Student

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's property portfolio comprises eleven assets with c.4,100 beds, including one asset which is expected to complete construction for the 2019/20 academic year and one which is expected to complete construction for the 2020/21 academic year. At 30 June 2019, its property portfolio was valued at GBP921.6 million.

The Company's standing properties are predominantly 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DOCBGGDICGGBGCB

(END) Dow Jones Newswires

August 01, 2019 06:12 ET (10:12 GMT)