Overview
GCP Student Living : DIGS is the first student accommodation REIT in the UK. The Company targets a 5.5% annualised income yield growing in line with inflation, alongside a total return of between 8% and 10%. The target will be achieved by investing in modern purpose built private student accommodation and teaching facilities which is contracted to a diversified portfolio of direct let tenants and Higher Education Institutions.
GCP Student Living invests in properties located primarily in and around London where the Investment Manager believes the Company is likely to benefit from supply and demand imbalances and a growing number of international students.
You can access the company’s website here
Research History
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22 Jan 2021 16 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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17 Dec 2020 16 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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12 Nov 2020 12 min read
QuotedData’s Real Estate Roundup – November 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. October finished with the threat of a second lockdown looming over the UK as COVID-19 cases continued to rise. However, this did not dampen demand for shares in some of the companies […]
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09 Oct 2020 14 min read
QuotedData’s Real Estate Roundup – October 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]
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9 min read
QuotedData’s Investment Companies Roundup – October 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over September: Standard Life Investments Property Income Trust – […]
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10 Sep 2020 12 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
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13 Aug 2020 12 min read
QuotedData’s Real Estate Monthly Roundup – August 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
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07 Jul 2020 16 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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10 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
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08 Jun 2020 10 min read
QuotedData’s Investment Companies Roundup – June 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over May: GCP Infrastructure – […]
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07 May 2020 15 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
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20 Apr 2020 10 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
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17 Apr 2020 12 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
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07 Apr 2020 11 min read
QuotedData’s Investment Companies Roundup – April 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over March: An update note […]
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15 min read
QuotedData’s Real Estate Roundup – April 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]
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10 Mar 2020 16 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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30 Jan 2020 16 min read
QuotedData’s Real Estate Annual Review – 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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10 Jan 2020 7 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
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07 Oct 2019 8 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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02 Oct 2019 15 min read
QuotedData’s Real Estate Roundup – October 2019
Real Estate Roundup Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]
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07 Aug 2019 4 min read
QuotedData’s investment companies roundup – August 2019
Investment Companies Roundup New research Over July, we published notes on CQS New City High Yield, BlackRock Throgmorton, Strategic Equity Capital, Seneca Global Income & Growth, CG Asset Management, Standard Life Investments Property Income and Aberdeen New Dawn. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite […]
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07 Jun 2019 4 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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12 Oct 2018 2 min read
QuotedData’s Economic round up – October 2018
QuotedData’s Economic round up – October 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
News
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16 Feb 2021 1 min read
QuotedData’s morning briefing 16 February 2021
In QuotedData’s morning briefing 16 February 2021: GCP Student Living (DIGS) has terminated WeWork’s lease on the commercial space at Scape Shoreditch. The 50,000 sq ft Grade A space is just a two-minute walk from Old Street Underground. WeWork had £2.3m of rent arrears up to the end of 2020. GCP Student Living has collected £3.1m […]
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04 Dec 2020 3 min read
Gravis Capital ties up with Orix Corporation
Gravis Capital Management Limited (Gravis), the manager of GCP Infrastructure, GCP Student Living and GCP Asset Back Income, has announced that it has entered into a strategic partnership with ORIX Corporation (ORIX) whereby ORIX will acquire a 70% equity stake in the Gravis business. ORIX is a diversified financial services group. The announcement says that ORIX’s […]
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05 Nov 2020 2 min read
QuotedData’s morning briefing 5 November 2020
In QuotedData’s morning briefing 5 November 2020, as it looks as though Joe Biden is on his way to the White House: JPMorgan Emerging Markets reminds us that, if shareholders approve at today’s AGM, its shares will be split on a 10 for one basis from tomorrow morning. Shareholders should note that this should not change […]
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17 Sep 2020 4 min read
GCP Student results show modest COVID hit
GCP Student results show modest COVID hit – GCP Student Living has announced results for the financial year ended 30 June 2020. Highlights are: EPRA NAV per share of 171.78p at 30 June 2020. Total shareholder return of -20.6% for the period. Annualised total shareholder return since IPO of 7.4%, compared to the company’s target return of 8-10%. […]
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27 Aug 2020 2 min read
GCP Student Living fee cut
GCP Student Living fee cut Gravis Capital Management has agreed to a reduction on the amount it charges GCP Student Living – from 1% of NAV to 0.75% on the first £950m of assets, plus 0.6375% on amounts between £950m and £1.5bn and 0.5625% on amounts over £1.5bn. That is quite a big drop in […]
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14 Aug 2020 3 min read
University challenge may come good
On the same morning that the farcical A-level results were announced this week, student accommodation specialist Empiric Student Property released half-year numbers that revealed bookings for the upcoming academic year was at 65%, compared to 85% at the same period last year. On first look that does seem a startling drop, but given the disruption […]
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01 May 2020 2 min read
GCP Student posts 1.8% fall in NAV
GCP Student Living has reported a 1.8% fall in its net asset value (NAV) for the quarter to the end of March 2020, driven by the impact of covid-19. The student accommodation provider’s EPRA NAV (ex-income) was 169.97 pence per ordinary share. Its portfolio, which is majority located in London, was valued at £986.5m at […]
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07 Apr 2020 2 min read
QuotedData’s morning briefing 7 April 2020
In QuotedData’s morning briefing 7 April 2020 At 16:42 yesterday, Assura announced plans to issue up to 240,207,920 shares to fund the purchase of additional medical centres. £2.5m would be donated to the Assura Community Fund, to support local communities in areas where it has assets, most would go to finance investments – it had a […]
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27 Mar 2020 2 min read
GCP Student to pay dividend despite reduced revenues
GCP Student Living has said it intends to pay its third interim dividend but expects “materially reduced revenues” for the final term of the current academic year. The UK REIT said it has received around 74% of all budgeted revenues due to it this academic year but added that the closure of universities due to […]
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26 Feb 2020 1 min read
Blackstone buys student accommodation company in £4.7bn deal
US private equity giant Blackstone has backed the UK student property sector with the £4.7bn acquisition of a student accommodation company. It has agreed a deal to buy IQ Student Accommodation from Goldman Sachs and Wellcome Trust, in a deal that is said to be the UK’s largest-ever private real estate transaction. IQ owns and […]
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23 Dec 2019 1 min read
GCP Student raises £77m from placing
GCP Student, the UK REIT focused on student residential assets, has rasied £77m from an over-subscribed placing. It had targeted proceeds of £75m but was boosted by an application in respect of £50m of gross proceeds from APG Asset Management in its capacity as the discretionary manager of various pension funds. A total of 41,365,400 shares […]
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19 Dec 2019 1 min read
QuotedData’s other news 19 December 2019
In QuotedData’s other news 19 December 2019 GCP Student Living hopes to riase £75m from a placing of shares at 186p (a 10.4% premium to the EPRA NAV and a 6.3% discount to the current share price). The money would be used to help fund the purchase of Scape Canalside in Mile End, London. EJF Investments […]
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16 Sep 2019 1 min read
QuotedData’s other news 16 September 2019
In QuotedData’s other news 16 September 2019 – GCP Student announced confirmation from FTSE Russell that the company will be added to the FTSE 250 Index from 18 September 2019. AVI Japan Opportunity.released its first interim report since its launch in October 2018. In the few months since launch until the 30 June 2019, its NAV per […]
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04 Sep 2019 1 min read
GCP Student Living reports strong performance
GCP Student Living reports strong performance – over the year to the end of June 2019, GCP Student Living’s EPRA NAV rose from 149.12p to 165.52p and it paid dividends of 6.15p, up from 5.695p for the prior year. The portfolio continues to grow. This year GCP Student Living announced: Completion of the refurbishment of […]
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03 Sep 2019 1 min read
QuotedData’s other news 3 September 2019
In QuotedData’s other news 3 September 2019 Impact Healthcare REIT’s NAV edged up over the first half of 2019 – from 103.18p to 104.67p. The interim dividend is 3.09p (up 3%) and this is well-covered by first half earnings of 3.62p per share. It has committed 85% of the money it raised in May. GCP Student […]
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01 Aug 2019 1 min read
QuotedData’s other news 1 August 2019
In QuotedData’s other news 1 August 2019 GCP Student Living is planning to dip into its debt facilities to fund the acquisition of the 412-bed Scape Mile End Canalside. Its LTV ratio could move into the mid 30s per cent. level. Fidelity Japan was 7.6% ahead of its benchmark at the half-year stage (up 14.8%). The […]
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13 May 2019 1 min read
QuotedData’s other news 13 May 2019
Starwood European Real Estate Finance (SWEF) has this morning announced that it has raised £40m in an ordinary share placing. The placing was announced on May 7, which we covered here. Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, has completed the acquisition of Buxtehude […]
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2 min read
GCP Student Living raising capital for new London build
GCP Student Living raising capital for new London build – GCP Student Living (DIGS) is to raise capital through an ordinary share placing, which will be directed towards financing the purchase of Scape Canalside, a new-build asset located immediately adjacent to Queen Mary University of London and in the same locality as the company’s existing […]
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02 May 2019 2 min read
GCP Student Living ploughs more cash into Guildford
GCP Student Living (DIGS) has announced that it has entered into a conditional forward purchase agreement to acquire a high specification, purpose-built, private student accommodation residence in the same locality as its Scape Surrey asset in Guildford. The property is expected to be completed for the 2020/21 academic year providing 403 beds. Ideally located for […]
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20 Mar 2019 3 min read
GCP Student Living results underline resilience of accomodation market
GCP Student Living results underline resilience of accomodation market – GCP Student Living (DIGS) showcased the resilience of the student accommodation as it reported results for the H1 period to December 31, 2018. The mostly-London focused company filled its 10 ten properties (around 3,600 beds), hitting an occupancy rate of 97% (full occupancy by its […]
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10 Sep 2018 2 min read
Solid results from GCP Student Living
Solid results from GCP Student Living – Scape Bloomsbury ready for business – GCP Student Living has published its annual report, covering the year that ended on 30 June 2018. Highlights are: EPRA NAV (cum-income) per ordinary share of 149.12 pence and EPRA NAV (ex-income) per ordinary share of 147.61 pence at 30 June 2018 – up […]
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03 Oct 2017 2 min read
GCP Student Living funding another building for Queen Mary
GCP Student Living funding another building for Queen Mary – GCP Student Living says that its operational property portfolio is now fully occupied with respect to the 2017/18 academic year. The average rental growth as compared with the 2016/17 academic year is 4.1%. New building for Queen Mary University GCP Student Living has entered into a […]
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15 Sep 2017 3 min read
GCP Student Living says returns on target
GCP Student Living says returns on target – GCP Student Living has published results for the year ended 30 June 2017. The highlights are: Total revenue for the year of £28.6 million. Annualised shareholder returns since IPO of 14.2%, in excess of the target return of 8-10%. Successfully raised £103.6 million through two oversubscribed placings […]
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13 Jun 2017 4 min read
GCP Student living targeting £70m fund raise
GCP Student Living (DIGS) is seeking to raise £70m through a placing of new ordinary shares under its 2017 Placing Programme. The company says that the placing price will be 142 pence per share, which represents a 6.75 pence discount to the closing mid-price per ordinary share on 12 June 2017 of 148.75 pence. It […]
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08 Mar 2017 1 min read
GCP Student Living buys in Bloomsbury
GCP Student Living plc has exchanged contracts to secure the acquisition of Woburn Place, a private student accommodation asset located at a prime central London position in Bloomsbury, WC1. Woburn Place, which is currently owned and operated by Unite Students, is within short walking distance of University College London (c.38,000 students from 150 countries), SOAS […]
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22 Feb 2017 1 min read
GCP Student Living raises £80.6m from oversubscribed issue
GCP Student Living has announced the results of its ‘oversubscribed issue’. The Board says that it has received applications from investors substantially exceeding the target gross proceeds (in excess of £60m) and, in light of the available investment opportunity in a prime central London location, it has resolved to accept applications in respect of 57,545,195 […]
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16 Dec 2016 1 min read
GCP Student Living raises £23m from oversubscribed placing and plans new placing programme for 2017
GCP Student Living has announced the results of its placing, which it says was substantially oversubscribed. As a result of the placing, which raised raise gross proceeds of £23m, the company is issuing 16,428,572 ‘placing shares’ at 140p per share. The company says that, following the issue of the placing shares, the 2016 placing programme […]
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16 Sep 2016 2 min read
GCP Student Living moves up to main market
GCP Student Living reports that its EPRA NAV per ordinary share increased by 9%, from 125.51 pence to 136.93 pence as at 30 June 2016. Total operating profit (including valuation gains) was GBP39.3 million (GBP 12.2 million excluding valuation gains). Earnings per share fell from 28.46p to 15.48p and EPRA EPS for the group fell […]
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20 Jun 2016 2 min read
GCP Student Living funds Wembley development
The Directors of GCP Student Living plc have announced that the Group has taken advantage of a rare opportunity to acquire a large scale, modern, purpose-built private student residential accommodation forward-funded development in London. The Directors believe that London retains a unique supply-demand imbalance for private student residential accommodation in the UK, with a shortage […]
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15 Apr 2016 1 min read
GCP Student Living to forward fund new ‘Royal Holloway’ residence
GCP Student Living has announced that it has entered into a conditional forward purchase agreement to acquire, what it describes as, a high specification, purpose-built, private student accommodation residence adjacent to Royal Holloway, University of London. The property is expected to be completed for the 2017/18 academic year providing approximately 170 beds. The purchase price […]
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10 Feb 2016 1 min read
GCP Student Living buys Bristol block with placing proceeds
GCP Student Living has raised £19m in a placing of its shares and has used the proceeds to buy a student accommodation block in Bristol. The Placing was significantly oversubscribed and the placing price was 135 pence. GCP Student Living has exchanged contracts to acquire Water Lane Apartments, a modern, private student accommodation residence located in a […]
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28 Sep 2015 2 min read
GCP Student Living spending C share money
GCP Student Living has been busy spending the money it raised in its recent C share issue. They have announced the completion of the acquisition of The Pad 2 and exchanged contracts to acquire Scape Shoreditch. The Pad 2 is located adjacent to Royal Holloway, University of London. The Pad 2 is a purpose-built, private student […]
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07 Sep 2015 1 min read
GCP Student Living adds to management team
GCP Student Living is expanding its management team with the appointment of Nick Barker, former Head of Alternatives, Property at Schroder Property Investment Management. Previous to this he was Assistant fund manager for Schroder UK Property Fund (SPF), based in London. He joined Schroders in September 2007 following 3 years with Cushman & Wakefield Investors, […]
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17 Sep 2014 1 min read
GCP Student Living first results ahead of target
DIGS: GCP Student Living first results ahead of target GCP Student Living has published its first set of results. These show that it made an annualised total return of 11.5% for the period that ended on 30 June 2014 – ahead of its 8%-10% per annum target. Shareholders got 6.1p in dividends. The triple net […]
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27 Feb 2014 1 min read
GCP Student Living : DIGS – acquisiton
GCP Student Living is entering into a forward purchase agreement to buy Scape Guildford – a140 bedroom purpose built accommodation block adjacent to the University of Surrey in Guildford.
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13 Feb 2014 1 min read
GCP Student Living : DIGS – interim report
GCP Student Living has published figures that cover the period from incorporation on 26 February 2013 to the end of December 2013. The NAV at the end of the year was 99.06p, the EPRA NAV (excluding the effect of derivatives transactions was 100.29p) – that’s up from the opening NAV of 97.4p as they recorded […]
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In The Press
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12 Feb 2021 2 min read
When it is worth paying a premium for an investment trust
When it is worth paying a premium for an investment trust by Jennifer Hill from interactive investor | 10th February 2021 10:06 Positive news on Covid-19 vaccines led to investment trusts re-rating considerably during 2020. The average discount among equity investment trusts narrowed from 4.6% to 2.5% – the tightest level on record – according to Numis Securities. Discounts widened […]
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25 Jan 2021 2 min read
Will property investment trusts bounce back in 2021?
Will property investment trusts bounce back in 2021? by Cherry Reynard from interactive investor | 13th January 2021 12:23 Some sectors of the property market could be ripe for a revival. Cherry Reynard asks experts for trust tips to profit. In early December, the government extended its ban on evicting commercial tenants. While it gives UK companies some much needed […]