Empiric to sell up to 10% of its portfolio
Empiric Student Property is planning to put up to 10% of its £945m portfolio on the market later this year following a review of its investments.
The review was initiated as part of a drive to improve the performance of the group, which parted company with chief executive Paul Hadaway last year after identifying “a number of financial and operational inefficiencies”.
Empiric plans to start making disposals in the autumn …