Acquisition OpportunitiesThe proceeds of the raise are to be deployed into acquisition opportunities, with £30m allocated for two identified assets in Manchester and Edinburgh, due to complete in the short-term.
Balance Sheet ManagementEmpiric has established a track record for good balance sheet management, having achieved its LTV target in each of the 10 years since IPO.
Revenue And OccupancyTrading update shows revenue occupancy for the academic year at 95%, expected to be full by January, with rental growth expected to exceed 6.5%.