23rd Feb 2015 08:33
LONDON (Alliance News) - Empiric Student Property PLC Monday said it has exchanged contracts to acquire the freehold of a student accommodation development site in Nottingham for GBP825,000 excluding fees.
The investor in student accommodation said the development site has planning consent for a 67 bed, purpose-built student accommodation property. The property is located opposite the group's existing operating asset, Talbot Studios, close to Nottingham Trent University's main campus.
"The company is continuing negotiations with the developer, Romiga Studios Ltd, regarding forward funding the development. Further information regarding the proposed project will be announced in due course," Empiric Student Property in a statement.
Shares in Empiric Student Property were trading 0.1% higher at 106.45 pence Monday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Empiric