Empiric Student Property plc

Empiric Student Property Plc
Date: July 2015
Deal Size: £75m equity fundraise on the London Stock Exchange
About the client: Empiric Student Property plc is an internally managed real estate investment trust (“REIT”) investing in modern, direct-let, premium student accommodation, both standing and development assets, with a focus on quality and with assets in prime central locations in top university cities and towns in the UK.
About the transaction: This, the fourth equity fundraise for Empiric since Akur led its IPO in June 2014, was significantly oversubscribed at the upper level of the range. A roadshow took place over four weeks and new shareholders in this raise included Asset Value Investors, it took the Company’s market capitalisation above £300m. Immediately prior to this fundraise Empiric joined the FTSE All Share index.
Lead: Tom Frost
Empiric Student Property

Chris Young…

Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising. He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales. He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: cyoung@akur.co.uk