Acquisition of student property in Glasgow
The Board of Empiric Student Property plc is pleased to announce that the Group has completed the acquisition of the freehold of an operational, direct-let, premium student accommodation property in Glasgow, for a consideration of £11.92 million (excluding acquisition costs).
The Ballet School is a high-quality conversion of the listed former home of the Scottish Ballet, on Willowbank Crescent, comprising 103 self-contained studios of various sizes, which was completed in 2013.
The property has been bought from the developer, CCG (Scotland) Limited …