Empiric Student Property Plc (LON:ESP)

Real Estate

Founded in 2014, Empiric Student Property Plc is a UK-based Real Estate Investment Trust (REIT), which offers and operates modern, nominated, direct-let or leased student accommodation located in prime city centre locations in cities and top university towns in UK. It is engaged in acquiring, developing and managing student accommodation assets. The company offers students with safe, secure and modern living spaces with other services to make them feel like home. The company aims to develop and operate clusters of high-quality student homes in desirable locations, to create vibrant communities and delivering attractive shareholder returns. The company operates across 29 cities and towns, with 9,396 beds contracted and 95 asset contracted.  Its shares have a premium listing and are traded on the Main Market segment of the London Stock Exchange since 2014 as LON: ESP.

The company combines a diverse and attractive portfolio of high-quality accommodation for students with an efficient in-house operational platform. Its brand includes Hello Student, which is an operating and marketing platform that provides company with clear identity in the student property market, to offer customers a range of option. The company holds an asset for the long-term. However, sell it to invest in another opportunity which can create higher value to shareholders.  The company’s investment portfolio includes operational assets and development assets. Operational assets are the properties that the company lets and are located within the walking distance from town centers, University and main transport links. It includes St Peter Studios, Canal Bridge, James House, Piccadilly Place, Radway House, The Exchange, Widcombe Wharf, Brook Studios, Edge Apartments and many more.

The development assets are the properties that are built under forward funded agreements with developers. The company has undertaken over £240 million in development projects. It acquires sites and funds projects through forward funding agreements in stages while receiving fee income on installments, the risk of costs and programme overruns remains with the third-party developer. Its development projects include The Franciscan and St Mary’s Hospital.

Contact Information

company address Swan HSE, 17-19 Stratford Place W1C 1BQ United Kingdom

company phone+44.20.38288700

company websitehttps://www.empiric.co.uk/

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