GCP Student Living plc (LSE:DIGS) identified an immediate and attractive opportunity to acquire a modern, private student residential accommodation asset located in a core UK regional city and within walking distance of the main line railway, city center shopping and a top 10 UK university, serving 21,000 students. It is currently envisaged that the asset will be valued at approximately £15m to £25m and would represent approximately 4% of the Company's enlarged portfolio.