£50m float for fund targeting overseas students’ digs in London
A property fund plans to tap the City for more than £50 million to take advantage of the demand for rooms from wealthy Chinese and other overseas students in the capital.
GCP Student Living plans a stock-market flotation next month to raise in excess of £50 million to exploit the 200,000-bed shortfall for overseas students in London.
The fund plans to list in London as a real estate investment trust (Reit) — the first student accommodation Reit in London to do so …