THE UNITE GROUP PLC to acquire EMPIRIC STUDENT PROPERTY PLC

The Unite Group PLC has agreed to acquire Empiric Student Property PLC in a strategic acquisition within the student property sector. The transaction involves a mixed consideration of cash and shares, with the deal announced on 26 January 2026. Empiric Student Property operates primarily in the United Kingdom, where the target company is based. The specific financial value of the transaction has not been disclosed to the public, and the deal remains in the scheme proposed stage.

No completion date has been confirmed at this time, as the transaction is subject to regulatory approval and other customary conditions precedent. The proposed arrangement represents a significant consolidation in the UK student accommodation market, bringing together two major players in the sector. Further details regarding the final terms and the integration plan are expected to be released once the regulatory process is concluded. The parties continue to work towards finalising the agreement to complete the acquisition.