Student Accommodation
Development Portfolio

Development Portfolio

Strong pipeline of forward funding and development opportunities to deliver purpose-built accommodation; attractive yield on cost, implying c.20+% uplift to completion. Empiric acquires sites directly and funds projects in stages while receiving interest on instalments. Risk of cost and program overruns is with the third party developer. RevCap Development JV 50:50 equity split, with IRR of 60%/40% plus 3.5% of costs of project to Empiric who has ROFR on all sites.
The Emporium
Development property

Birmingham

The Emporium

Details coming soon
140-142 New Walk
Development property

Leicester

140-142 New Walk

Details coming soon
Princess Road East
Development property

Leicester

Princess Road East

Details coming soon
Percy's Lane
Development property

York

Percy's Lane

Details coming soon