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Empiric Student Property Invests £21.5m in Post-Brexit Deal

Student property group Empiric has made three further purchases to add to their UK student accommodation portfolio, investing in three operating developments.

Empiric Student Property Adds £21.5 Investment to Portfolio

Student property group Empiric has made three further purchases to add to their UK student accommodation portfolio, investing in three operating developments.

The group, who already possess a portfolio of 45 student properties across the UK, has expanded their investment into the market, with the acquisition of developments in Exeter and in London.


The new additions, which are already operational and prepared for student intake, will add 350 beds to the existing Empiric Student Property portfolio.


This £21.5 million deal, marks the latest large and high profile student accommodation acquisition since the EU referendum on June 23rd.


Last week, Aviva Investors made a £74.5m acquisition in a new student accommodation development in Coventry, due for completion in Q3 2018. Elsewhere, Centurion Group, based in Singapore, added four new developments to their portfolio in Newcastle, Manchester and Bristol, investing £20.1m.


The continued interest of institutional investors has been viewed as a positive sign for the non-cyclical asset class, with industry leaders seemingly encouraged by its post-Brexit performance.


Earlier this month, Unite Group chief executive, Richard Smith, said: ‘The demand:supply outlook for student accommodation remains favourable’.

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