Empiric acquires student accommodation in Leeds
The Board of Empiric Student Property plc is pleased to announce that the Group has acquired the freehold of an operational, direct-let, premium student accommodation property in Leeds, for a consideration of £7.1 million (excluding acquisition costs).
St Mark’s Court, which was completed in 2009, is a high-quality, modern purpose-built student accommodation scheme comprising 85 large self-contained studios with communal facilities and secure parking spaces.
The Board believes that there is scope to extract further value through asset management, including a refurbishment of the property and adding to the communal facilities in the medium term …