14th Dec 2015 09:21
LONDON (Alliance News) - Empiric Student Property PLC on Monday said it has signed a deal to acquire the Provincial House student accommodation development in Sheffield for GBP11.0 million.
Empiric will buy the freehold to the site, located in central Sheffield immediately next to the University of Sheffield's north campus.
Work on the property, currently being developed, is expected to be completed by summer 2017, in time for the 2017/18 academic year.
Shares in Empiric were up 0.9% to 112.00 pence Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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