16 Sep 2019 13:21
GCP Student Living plc
(the "Company" or "GCP Student", together with its subsidiaries the "Group")
LEI: 2138004J4ID66FK38H25
FTSE 250 Index inclusion
The Board of GCP Student, the UK's first REIT focused on student residential assets, is pleased to announce that FTSE Russell has confirmed that the Company will be added to the FTSE 250 Index with effect from 18 September 2019.
For further information please contact:
Gravis Capital Management Limited | +44 (0)20 3405 8500 | |
Nick Barker | nick.barker@graviscapital.com | |
Dion Di Miceli | dion.dimiceli@graviscapital.com | |
Stifel Nicolaus Europe Limited | +44 (0)20 7710 7600 | |
Neil Winward | neil.winward@stifel.com | |
Mark Young | mark.young@stifel.com | |
Tom Yeadon | tom.yeadon@stifel.com | |
Buchanan / Quill | +44 (0)20 7466 5000 | |
Helen Tarbet | helent@buchanan.uk.com | |
Henry Wilson | henryw@buchanan.uk.com |
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 30 June 2019, its property portfolio was valued at £921.6 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.