Empiric Student Property has acquired two properties that together add 200 beds to its portfolio.
The firm bought an 83-bed student property, Saxon Court in Reading, from developer Bywater for £13m.
Saxon Court is the first development in Reading acquired by Empiric and was newly built for the 2015-16 academic year. It is already fully let.
It also bought Ladybarn House in Manchester, a 117-room, three-floor scheme developed in 1994 by the University of Manchester, which remains the freeholder.
In addition to the student rooms, Ladybarn House has four fully let ground-floor retail units.
The site will be part of the Hello Student brand that is to be launched in the 2016-17 academic year.
Knight Frank Student Property acted for Empiric in a buy capacity for Ladybarn House. At Saxon Court, Knight Frank acted for the vendor, Bywater Properties.
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