Nov 2014

Empiric Student Property plc

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	Empiric Student Property plc
Date:	November 2014
Deal Size:	£65m equity fundraising 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 fundraise represented the first of a 12 month Share Issuance Programme which comprised the authority to issue 300m shares in the company. A new tripartite prospectus was published as part of this programme. Immediately following this fundraise the Company acquired a series of assets in Exeter, Leeds and Glasgow.
Lead:	Tom Frost

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