As students struggle to find £6,000 to £7,000 to pay
university accommodation providers for the academic year ahead, a stock market
filing gives us an insight as to who is really pocketing huge profits from this
business. A little-known Reit (real estate investment trust) called GCP Student
Living owns student accommodation blocks across the south of England, and
charges students at the University of Brighton £7,800 a year for a 40-week tenancy.
It is also building another 555-bed block in the city for next year’s student
arrivals. GCP is an object lesson in how to cash in on students. Its profits
for the year to the end of June 2019 soared 51% to £92.7m, helped by yet
another year of rising student rents. Read more on the Guardian website.
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