Empiric Student Property plc

Overview

Empiric Student Property plc is a UK-based real estate investment trust specializing in student accommodation. The company focuses on providing modern, predominantly direct-let, premium student housing in high-demand university towns and cities across the United Kingdom. Their portfolio includes studio-led properties managed under the Hello Student brand, offering secure and thoughtfully designed living spaces for students. The company's investment strategy targets prime regional cities that attract a growing pool of affluent international, postgraduate, and returning undergraduate students. By focusing on these high-growth locations, Empiric aims to address the underserved premium accommodation market, driving both occupancy and rental growth. Their properties are typically unique and smaller than most, incorporating a sense of individual character and heritage, fostering a sense of community among residents. In August 2025, Empiric Student Property plc was acquired by The Unite Group plc in a deal valued at £634 million. The acquisition was completed in January 2026, marking the end of Empiric's operations as an independent entity. Prior to the acquisition, Empiric's operating brand, Hello Student, was recognized for its high-quality customer service and amenities, achieving a positive Net Promoter Score of 30.5 in the 2023 Global Student Living Index, outperforming benchmarks for private halls. The company's commitment to sustainability and responsible business practices was also evident through its investments in safety and environmental initiatives, including a £46 million program initiated in 2021 to enhance building safety and achieve the latest EWS1 certification standard. By December 2024, 73% of the portfolio had achieved this certification standard, reflecting Empiric's dedication to providing safe and sustainable living environments for students. Please note that as of January 2026, Empiric Student Property plc is no longer an active investor, having been acquired by The Unite Group plc. Therefore, the information provided pertains to its operations prior to the acquisition.