15th Apr 2016 06:26
LONDON (Alliance News) - GCP Student Living PLC said Friday it has entered into a conditional forward purchase agreement to buy a student accommodation property opposite Royal Holloway, University of London.
GCP said the 170-bed property is expected to be completed for the 2017/18 academic year.
The property is to be built in the same locality as The Pad student accommodation property, which comprises of two buildings with 220 beds and is owned by GCP, the company said. The Pad is fully occupied on 51-week tenancies for the 2015/16 academic year, GCP added.
No financial details of the deal were disclosed.
By Hannah Boland; [email protected]; @Hannaheboland
Copyright 2016 Alliance News Limited. All Rights Reserved.
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