Empiric seeks £150m to buy student halls
Empiric Student Property, the London-listed real estate investment trust that owns UK student accommodation, is seeking to raise £150m, in its sixth equity issue since its £85m IPO in June 2014. The deal will also be its largest so far, and its highest priced.
Jefferies is bookrunner, sponsor and financial adviser, with Akur also a financial adviser.The company’s share price has risen from 100p at flotation to 111p at Tuesday’s close. Its all time high was 119p last October. The share price fell about 2p from 113p on June 27 when ...
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