Unite Group to Acquire Rival Empiric Student Property in $860 Million Deal

Unite Group to acquire rival Empiric Student Property in $860 million deal

Unite to Buy Rival Student Landlord Empiric in £723 Million Deal

Unite Group Plc agreed to buy rival student landlord Empiric Student Property Plc in a deal valuing the company at about £723 million ($981 million), the latest evidence of the wave of consolidation sweeping UK real estate.

Board of major student landlord agrees takeover of rival

The board of Unite Students has agreed to takeover rival student landlord Empiric Student Property.

Unite to Acquire Empiric Student in £723M Deal - USA Herald

In a move set to reshape the British student accommodation market, Unite Students announced Thursday it will acquire rival Empiric Student Property PLC in a £723 million ($982 million) transaction, creating a colossal student housing operator with a combined £10.5 billion portfolio. The deal, born after months of quiet courtship since May, merges Unite’s extensive Unite to acquire Empiric Student in £723M deal, creating a UK student housing giant

Unite To Acquire Empiric In £723M Student Deal

Unite Group is to take over Empiric Student Property after agreeing on a cash and shares offer valuing Empiric, the listed purpose-built student accommodation operator, at £723M. Completion of the deal would result in a £10.5B combined portfolio amounting to circa 75,000 beds, 92% of them located within Russell Group university cities.  Empiric's portfolio comprises 7,685 beds across 75 assets in 23 cities. Its biggest concentrations are in the …

Student accommodation giants Unite and Empiric agree to £700m merger

One of the UK's largest student accommodation providers, Unite, has agreed to acquire competitor Empiric Student Property