Amicus Provide Funding for Sheffield Development
20th Jul 2017
Empiric have bought another student accommodation block in Manchester, and in doing so have added to their selection in the city just a month after snapping up Ladybarn House for £10.3 million.
Victoria Point is a 561-bed scheme which this week Empiric have bought for £29.5 million from MCR Property Group. The deal means that they now hold the 999 year lease on the property dating back to March 2007.
The development is spread across 6 blocks on a site of 3.5 acres, with the 561 on-site beds spread across 2, 3 and 4 bedroom apartments. Unlike many student accommodation blocks built in recent years the development also benefits from a large amount of parking spaces (197 in fact).
Chief Executive of Empiric Student Property, Paul Hadaway, explained Empiric's continued interest in Chester">ManChester as follows, “With its large student population – the third largest in the UK with 61,990 full-time students in 2014/15 according to HESA statistics – we are pleased to have made this further significant purchase in Chester">ManChester, taking our presence in the city to 765 beds."
Image courtesy of Flickr, Creative Commons