24th Aug 2015 08:02
LONDON (Alliance News) - Empiric Student Property PLC on Monday said it has exchanged contracts to acquire a site in Bath for GBP7.7 million.
Empiric will acquire the student accommodation scheme on James Street West in Bath following practical completion of the development, which is due to be finished in September 2016 in time for the 2016-17 academic year.
The property is equidistant from both Bath Spa University and the University of Bath. It is the second Bath development the company has acquired in a week, having bought a freehold site in central Bath last week for GBP25.0 million.
Shares in Empiric were down 1.2% to 108.7 pence Monday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Empiric