Empiric Student Property (ESP)

86.10p
   
  • Change Today:
      0.100p
  • 52 Week High: 101.60p
  • 52 Week Low: 80.80p
  • Currency: UK Pounds
  • Shares Issued: 603.20m
  • Volume: 389,530
  • Market Cap: £519.36m
  • RiskGrade: 140

Empiric acquires Nottingham site for £18m

By Daniel Cancian

Date: Wednesday 19 Aug 2015

LONDON (ShareCast) - (ShareCast News) - Student accommodation provider Empiric Student Property has acquired The Frontage, a forward funded development in Nottingham for £18.4m.
The site, which hosted an office complex in the 1980s, will comprise 162 beds within 152 self-contained single and double studios, which will bring Empiric's total number of beds in Nottingham to 337.

The London-listed company said Frontier Estates will undertake the construction of the property on its behalf from next month, with the site expected to be ready for the beginning of the 2016-17 academic year.

The site will also contain three commercial units at the ground floor level, which are expected to be completed within September this year.

"The increased number of beds in the city will enable increased operational efficiencies to be derived from the portfolio as well as moving us closer towards our strategic target of providing 300 to 400 beds in each city or town where we operate," said group chief executive Paul Hadaway.

Empiric shares were up 0.24% to 109.76p at 0957 BST on Wednesday.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ESP Market Data

Currency UK Pounds
Share Price 86.10p
Change Today 0.100p
% Change 0.12 %
52 Week High 101.60p
52 Week Low 80.80p
Volume 389,530
Shares Issued 603.20m
Market Cap £519.36m
RiskGrade 140

ESP Star Ratings

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ESP Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 01-Jun-22 03-Mar-22
Paid 24-Jun-22 25-Mar-22
Amount 0.62p 0.62p

Trades for 01-Jul-2022

Time Volume / Share Price
16:45 19,262 @ 86.10p
16:45 19,262 @ 86.10p
16:35 137,945 @ 86.10p
16:29 739 @ 86.10p
16:29 171 @ 86.10p

ESP Key Personnel

CEO Duncan Garrood

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