GCP Student Living, an Exeter-based property developer, has revealed a 23 per cent rise in its portfolio value over the last 12 months amid growing international demand for London’s top universities.
Full-year rental income for GCP jumped from 28.9m to £35.8m, while property portfolio values climbed to £784.4m in the year leading up to the end of June 2018, rising from £634.6m in the previous year.
“London is a global educator and international students want to come here, mainly because the UK has some truly incredible institutions” according to GCP’s finance chief Nick Barker.
He added: “The student market has changed. People used to talk about student property as an alternative asset class but now it’s a mainstream market with sophisticated deep pocketed investors who see value in student accommodation in London.”