GCP Student Living (Gravis Capital Partners) was a large
British investment trust
An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares.
...
dedicated to investments in student accommodation. The investment trust was a
REIT
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping ce ...
focused on purpose-built private student accommodation in and around London.
History
Established in 2013, it was listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
. The
chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
was Robert Peto.
A consortium backed by funds managed by
APG Asset Management and
The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...
made an offer for the company which valued it at £969 million in July 2021. The transaction was sanctioned by the High Court in December 2021.
References
External links
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{{Authority control
Financial services companies established in 2013
Companies listed on the London Stock Exchange