Empiric acquires development site in Durham: Framwellgate
The Board of Empiric Student Property plc is pleased to announce that the Group has conditionally exchanged contracts on the purchase of the freehold of a site on Framwellgate in Durham which will provide for a 131 bed premium, purpose-built student accommodation development, at a cost of £1.225 million (excluding fees).
The acquisition of the site is subject to, inter alia, planning consent and is expected to complete by February 2016 …