31st May 2019 11:21
LONDON (Alliance News) - GCP Student Living PLC on Friday said it raised GBP5.0 million via a share placing to fund the acquisition of Scape Canalside, a new-build asset adjacent to Queen Mary University of London.
The real estate investment trust, focused on student living, issued 3.1 million shares at 162.5 pence each.
GCP Student shares were trading 0.4% lower at 162.52p each.
Admission of the new shares to trading on the main market is expected to take place on Tuesday, following which the company will have 413.7 million shares in its capital.
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