The disposal of the circa 0.75-acre site is expected to be completed on 27th November 2017.
The site was acquired in August 2015 and has detailed planning permission for a 208-bed student accommodation development, which was granted on appeal in October 2016.
Paul Hadaway, chief executive of Empiric Student Property PLC, said: “The sale of [the] Forthside Way site follows an operational review.
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“While we will continue to identify opportunities for the development of premium purpose-built student accommodation, our current focus is on building critical mass in our target cities.
“The Forthside Way site was our only asset in Stirling.
“The property has been sold with the benefit of the planning approval obtained by the group, which has resulted in a substantial uplift in value above the original acquisition price.”
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