trending Market Intelligence /marketintelligence/en/news-insights/trending/A_31Vi6dgwWnfikHIPBMTQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

GCP Student Living plans to issue 200 million shares in 2017

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


GCP Student Living plans to issue 200 million shares in 2017

GCP Student Living Plc is seeking shareholder approval for the issuance of up to 200 million shares for cash on a non-pre-emptive basis over the course of its new share placing program for 2017.

The issue of shares under the program may take the form of a series of placings and/or open offers and/or offers for subscription. The minimum price of the share placing will be equal to the prevailing published net asset value per share at the time of allotment, together with a premium intended to cover the costs and expenses of the issuance.

GCP intends to raise additional capital from the share issuance in order to be able to "take advantage of current and future investment opportunities," according to a company release. It will attempt to target purchases of assets that provide strong rental growth potential, in order to add diversity to its portfolio.

The company said it secured the opportunity to acquire the Scape Wembley and Podium assets in London, two large scale student residential accommodation assets. The properties will provide approximately 750 modern studios and beds upon completion.

The company is also carrying out due diligence on approximately 2,000 studios and beds, of which 450 are still under negotiation with respective sellers. Additionally, GCP's right of first offer arrangement with Scape Student Living is expected to expand the company's pipeline with further assets.

The resolution for the share issuance will be proposed at a general meeting, which will be held Jan. 31.