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Empiric defends re-appointment of Stephen Alston to its board after shareholder resistance

Empiric Student Property has defended the re-appointment of Stephen Alston to its board after 42.4% voted against his re-appointment insisting Alston is “independently minded”.
By James Wallace
April 25, 2018 | 3:38 P.M.

Alston is a partner of Real Estate Venture Capital Management (Revcap), which is Empiric’s former joint venture partner. Empiric acquired Revcap’s holding in the Willowbank joint venture on 31 March 2017 and paid fees to Revcap up to 30 June 2017.

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News | Empiric defends re-appointment of Stephen Alston to its board after shareholder resistance