Unite Group Confirms Possible Offer for Empiric Student Property
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, financing, funding, annual results, asset sale/disposal, flow testing, licence news, or delisting. Therefore, the sentiment is assessed as neutral.
Key Points
- Unite Group has submitted a revised non-binding proposal to acquire Empiric Student Property
- The proposed offer values Empiric at approximately £719 million
- The offer represents a premium to Empiric's recent share price
- Unite believes the acquisition would increase its appeal to students and create a combined group with enhanced scale and growth
Summary
The real estate investment trust has submitted a non-binding proposal to acquire the entire issued and to be issued share capital of Empiric Student Property.
Unite Group PLC has submitted a revised non-binding proposal to acquire the entire issued and to be issued share capital of Empiric Student Property PLC. The proposed offer values Empiric at approximately £719 million and represents a premium to Empiric's recent share price. Unite believes the acquisition would increase its appeal to students and create a combined group with enhanced scale and growth aligned to the UK's strongest universities.
Key Dates
3 July 2025
Deadline for Unite to announce a firm intention to make an offer or that it does not intend to make an offer
GENERAL UPDATE