GCP Student Living PLC Investor Report 31 December 2019 (9024B)

TIDMDIGS

RNS Number : 9024B

GCP Student Living PLC

04 February 2020

GCP Student Living plc

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

LEI: 2138004J4ID66FK38H25

Investor Report 31 December 2019

GCP Student Living, the UK's first REIT focused on student residential assets, has published its Investor Report for the period to 31 December 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] 

Mark Bloomfield

Mark Young

Alex Miller

   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 2020/21 academic year. At 31 December 2019, its property portfolio was valued at GBP987.3 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.

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February 04, 2020 05:33 ET (10:33 GMT)