Student accommodation investor GCP Student Living has raised £60m through a share issuance.
The fund raised £10m more than its original target placing over 44m shares at 136.1p.
The funds will be used to acquire 530 more student beds located in a city centre, according to a stock exchange announcement.
GCP currently has an agreement with Royal Holloway, University of London, and is on target to deliver a 170-bed scheme for them in 2017/18.
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