Gravis Capital Management looks to IPO Co-Living REIT

Target issue of 300 million shares

Kathleen Gallagher
clock • 1 min read
Nick Barker, director at Gravis will be the fund manager of the new REIT

Nick Barker, director at Gravis will be the fund manager of the new REIT

Gravis Capital Management has announced plans to list a new investment trust, GCP Co-Living REIT, on the specialist fund segment of the London Stock Exchange.

The group have set a target issue of 300 million ordinary shares with an initial issue price of £1.00 per ordinary share. The trust will invest predominately in independent co-living assets in urban centres in the UK and Ireland. Co-Living assets are large-scale, purpose-built, professionally managed, shared living residential accommodation supplemented by extensive communal facilities, services and amenities. Nick Barker, director at Gravis and fund manager of GCP Co-Living REIT, said: "The Co-Living sub-sector of the residential market is attracting significant interest from real es...

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