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Trading statements

GCP Student operational portfolio fully occupied

03 October 2017 08:03

GCP Student Living has confirmed that its operational property portfolio is fully occupied for the 2017-18 academic year.

And it said the average rental growth compared with the 2016-17 academic year was 4.1%.

The company said it had entered into a conditional forward purchase agreement to acquire a high specification, purpose-built, private student accommodation residence located immediately adjacent to Queen Mary University of London, and in the same locality as the group's existing c.590 bed Scape East asset. It said the property was expected to be completed for the 2019-20 academic year providing approximately 410 beds. At 8:03am: (LON:DIGS) GCP Student Living Plc share price was 0p at 144.75p

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