Empiric Student Property In Late Stage Negotiations
Empiric Student Property PLC Thursday said it is in “final stage negotiations” about acquiring a number of assets, including a near-term pipeline comprising 15 properties across the UK.
The real estate investment trust said it is in the last stages of negotiations on two forward funded assets and one standing operating property, with an aggregate of 337 beds for a total cost of around GBP30 million. It said its expects to acquire the assets in December, subject to the satisfactory completion of negotiations.
The company said it is also in advanced stages of negotiation in relation to a near-term pipeline comprising 15 properties across the UK, with an aggregate of more than 1,800 beds …