Empiric Student Property Announces Growth Fundraise

Empiric Student Property (GB:ESP) has released an update.

Empiric Student Property PLC plans to raise up to 10% of its issued share capital through a proposed equity fundraise, aiming to accelerate growth by investing in accretive opportunities and refurbishments. The company is targeting strategic acquisitions in top-tier university cities, enhancing its portfolio and brand strength. This move seeks to capitalize on the growing demand for purpose-built student accommodation amid a constricting private rental market.

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