Empiric Student Property sets itself test

Terry Applegate, a wealth manager at Pilling & Co, suggests Empiric’s issue price offers a ‘fairly attractive entry point’, provided the UK economy remains stable and demand for university places proves robust. ‘The one thing that we are not able to plan for at the moment is the potential impact of Brexit,’ he added. He suspects that many investors will view Empiric and GCP Student Living ast a test of whether appetite is still strong for property companies right now. ‘It will be interesting to see if both companies raise their respective targeted amounts, as this may provide us with a clearer view on current investor appetite for such assets and the yields that they offer,’ Applegate explained. Read the full article at: http://citywire.co.uk/investment-trust-insider/news/empiric-student-property-sets-itself-150m-test/a1030590