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Empiric buys Exeter site for student digs development

Empiric-Student-PropertyEmpiric Student Property has acquired, subject to planning, a site on Bonhay Road, Exeter, for £2.5m.

It is to be developed into a 139 bed new-build premium student accommodation scheme and a forward-funding development agreement is expected to be entered into shortly.

The group will acquire the freehold of the four-storey scheme ,expected to be completed in time for the 2017-18 academic year.

chris.berkin@estatesgazette.com

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