10 June 2016 - UK-based student housing investor Empiric
Student Property plc (LSE: ESP) has acquired the freehold of a 127 bed student accommodation property in Leeds, Pennine House, for GBP 17.8m (USD 25.37m), the company said.
The site is located adjacent to Empiric
's existing operating property, Maritime Studios, within a few minutes' walk to the Woodlane campus of Falmouth University and the Marine School, and with good public transport links to the Penryn campus, a mile from Falmouth, which is shared by Falmouth University and the University of Exeter.
This acquisition is Empiric
's second in Portsmouth and, once complete, will take the number of beds owned by the group in the city to 283, all of which will be managed through the Hello Student operating platform.
Student Property is a provider and operator of modern, direct-let, premium student accommodation across the UK.
According to Empiric
, the 561 beds are set out in a mix of two, three and four bedroom apartments with nine three bedroom duplexes.
acquired this property from a local housing association and since completion in 2011 has been leased to St Cross College of The University of Oxford.
said it is confident of meeting its "financial and operational targets for the year".
However, the application granted by the Scottish Government on appeal by Empiric
who in November 2017 sold the site for PS2 million.
Following the expiry of the lease, Empiric
intends to direct let the property.
At our institution as well as other military and civilian medical centers, it is common to use the antipseudomonal beta lactam piperacillin-tazobactam in combination with a fluoroquinolone for empiric
aureus isolates has declined, likely related to the increased use of this agent for empiric
as well as definitive treatment of community-acquired (CA) MRSA infections, encouraging the transmission of the genes associated with clindamycin resistance.
This marks Empiric
's second acquisition in Newcastle, following on from its PS11m purchase of luxury student housing on Claremont Road, which was developed by Ziggurat Student Living.