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Another Day Another Purchase for Empiric Student Property

Posted by Ross Jones-Morris in

After expanding their presence in Manchester just yesterday, Empiric Student Property have now acquired the freehold of a new site in Sheffield for £750,000.

The freehold includes planning permission for a 63 bed, 7 storey block containing 50 student apartments. Building the block will involve demolishing the existing building on the site, which is just down the road from the University of Sheffield's North Campus.

Empiric haven't set anything in stone about construction though, as they are currently in negotiations with a developer. They have set a target completion date of August 2017 though as they look to take advantage of the start of the 2017/18 academic year.

Image courtesy of Flickr, Creative Commons