Empiric completes acquisition of Willowbank development asset in Glasgow
24th December 2014

Conceptual image to show the plan for Willowbank in Glasgow, which will be complete next year.
ESP announces that planning approval and listed building consent has been received to redevelop the former Willowbank Primary School ("Willowbank") into direct-let premium student accommodation. The acquisition has been completed and ownership of the property has been transferred to Empiric (Glasgow) Limited.
Planning permission has been received to develop a scheme comprising 178 beds (increased from the 158 beds originally envisaged) in a mix of studio, two and three bed apartments. The Willowbank development is targeted to be completed in time for the start of the 2016/17 academic year. As a result of the increased number of beds, the purchase price for the site has increased by £100,000 to £1,925,000.
Questions? Get in touch using the contact details below.
Questions? Get in touch.
Contact Us
Empiric Head Office
Empiric Student Property plc
Swan House, 17-19 Stratford Place, London W1C 1BQ
info@empiric.co.uk
+44 (0)20 3828 8700
Media Contact
James Benjamin
Partner
Maitland/AMO
empiric-maitland@maitland.co.uk
+44 (0)20 7379 5151
Joint Broker
Philip Noblet / Gary Gould
Jefferies International Limited
020 7029 8000
Joint Broker
Charlie Foster / Marcus Jackson
RBC Europe Limited (trading as RBC Capital Markets)
020 7653 4000