Empiric acquires student property in Leeds

The Board of Empiric Student Property plc (ticker: ESP) is pleased to announce that the Group has acquired the freehold on an operational, direct-let, premium student accommodation property in Leeds, for a consideration of £7.2 million.

The acquisition is expected to complete on 13 January 2015. Algernon Firth is a high-quality student accommodation conversion of a Grade 2 listed building located within walking distance of both the University of Leeds and Leeds Beckett University.

The property, which was completed in August 2013, comprises 111 beds in a mixture of en-suite flats and large loft-style studios.  The property has been converted to a very high specification and includes high quality communal areas, such as a well-equipped gym and dedicated study areas …

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