Lancaster’s CityBlock 1, 2 and 3 change hands in transfer of ownership
CityBlock, the family-owned provider of high quality student accommodation in the UK, has completed the transfer of ownership and management of its three blocks in Lancaster to an alternative student property management provider.
Empiric Student Property, also known as Hello Student, will take immediate charge of the buildings on Penny Street, following CityBlock’s decision earlier in 2015 to source new management of the developments it has owned since 2002. All aspects of property ownership, including management, student welfare and customer care, have now been handed to Empiric.
CityBlock, established over 15 years ago, invested significantly in the three buildings. Following ongoing redevelopment to ensure the accommodation is of the highest quality and meets ever-changing student needs, CityBlock will now turn its attentions to other areas of the city requiring rejuvenation and investment.
CityBlock’s Operations Director, Alison Bargh, said: “With the CityBlock 1, 2 and 3 developments in Lancaster, we are leaving behind a legacy of outstanding facilities and services for students who choose this city as their home for the course of their higher education.
“As an organisation committed to providing the highest quality of student accommodation in the UK, we often reach the point where we feel our work is done. At that stage, we seek to source new life for the developments in the form of new owners.
“The transfer of ownership to Empiric has been communicated to all current residents, and we hope they will continue to enjoy the prime location and high quality services we’re leaving behind in the accommodation. We wish Empiric every luck with the developments.”
CityBlock is currently redeveloping a new block, also on Penny Street in the centre of Lancaster, and is due to open its doors to students this September