Empiric Student Property buys Portsmouth property
Empire Student Property has signed a £4.45m deal to buy student accommodation near Portsmouth University.
The yet to be completed property is being built by REL Portsmouth and will comprise 41 self-contained units. Empiric said the property would be ready to be completed in September 2015 in time for the 2015/6 academic year. REL Portsmouth has guaranteed it would be 100% let in the first academic year, and building is already 85% pre-let …