Unite Group to acquire Empiric Student Property Plc in £723 million deal
LONDON: The Unite Group PLC, the UK’s largest provider of purpose-built student accommodation (PBSA), has reached an agreement to acquire rival Empiric Student Property PLC for approximately £723 million in a cash and share deal. The acquisition, which is recommended by both companies’ boards, aims to create a combined portfolio valued at £10.5 billion and…