Plan for 400 student beds on track for September
Development on Mill St also includes shops, restaurants, cafes and a gym
Tim Mitchell, GSA’s chief executive for EMEA, said there was a “severe shortage” of student housing in Dublin
International student accommodation company GSA is on target to deliver its latest 400-bed development in Dublin.
The €41 million development is the next phase of an agreement between GSA and Chicago-based real estate private equity firm Harrison Street Real Estate Capital to invest €250 million in student accommodation in Dublin over the next five years.
The development, which also includes shops, restaurants, cafes and a gym, is to be built on a 2.5 acre site on Mill Street in Newmarket in the southwest inner city. It is expected to be complete by September.
Tim Mitchell, GSA’s chief executive for EMEA, said there was a “severe shortage” of student housing in Dublin.
“While Ireland maintains its reputation for having some of the best academic institutions globally, there will continue to be high demand for well-maintained purpose-built student accommodation from both home and international students,” he said.