Investors' Huge Profits On Student Housing Are An Academic Failure

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.

https://www.theguardian.com/business/2019/sep/04/investors-huge-profits-student-housing-academic-failure