5th May 2015 07:00
LONDON (Alliance News) - Empiric Student Property PLC on Tuesday said it has struck deals to acquire sites in Manchester and Exeter.
The student accommodation company said it has bought a development site in Manchester which contains the Grade II-listed former Welsh Baptist Church.
Empiric said the site has planning permission for a 93-bed residential accommodation and has paid GBP1 million for the development.
Elsewhere, it has acquired a 61-bed, direct-let student accommodation site in Exeter, called Library Lofts, for GBP6.1 million. The site's practical completion is scheduled for August 2015, it added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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