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Empiric to acquire student accommodation in Liverpool

03 August 2017 07:54

Empiric Student Property has exchanged contracts to acquire the freehold of the Hahnemann Building in Liverpool for £10.8 million, excluding costs.

The acquisition is expected to complete in October.

The Hahnemann Building is a Grade II listed building within an established student area in Liverpool.

The property was originally Liverpool Hahnemann Hospital and has been converted into a high specification student accommodation scheme comprising 98 studios with communal space.

The property is on Hope Street which connects Liverpool's two iconic landmark cathedrals, situated in a World Heritage Site Buffer Zone, close to the city centre and within easy reach of the main railway station, Liverpool Lime Street.

The Hahnemann Building is adjacent to John Moores University and is ten minutes' walk from the central academic facilities of the University of Liverpool. The scheme was completed for the 2016-17 academic year and was fully let under the management of CRM.

Story provided by StockMarketWire.com

Related Company: ESP

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