StockMarketWire.com - GCP Student Living has entered into a conditional forward purchase agreement to acquire a high specification, purpose-built, private student accommodation residence next to Royal Holloway, University of London.

The property is expected to be completed for the 2017-18 academic year providing approximately 170 beds and is in the same locality as The Pad, which comprises two buildings with c.220 beds currently owned by the group. The Pad is fully occupied on 51 week tenancies for the 2015-16 academic year.

Royal Holloway is a Top 30 university in The Times Higher Education World University Rankings category of 'International Outlook', recognising it as a global university, and is placed within the top 1% of all higher education institutions in the world by

The World List of Universities and Other Institutions of Higher Education. Royal Holloway is home to c.9,300 students from over 130 countries (c.22% from outside the European Union).




Story provided by StockMarketWire.com