- GCP Student Living has raised £70m, gross, through a placing and subscription offer.

The board said the placing and offer were oversubscribed and applications had been scaled back in accordance with the terms set out in the prospectus dated 12 April.

Applications will be accepted in respect of 58,039,560 shares under the placing and 11,960,440 million shares under offer for subscription at £1 apiece.

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