THE Chicago-headquartered investment firm Harrison Street, along with Global Student Accommodation Group (GSA), is developing a 235-bed student accommodation property in Dublin 8.
The project includes 37 build-to-rent (BTR) units, which will be managed by GSA.
The property, known as Sweeney's Corner, is scheduled for completion prior to the start of the 2021 academic year. It is located in the Liberties area.
Robert Mathias, senior managing director and head of international business for Harrison Street, said: "Dublin's student housing market remains significantly under-served, with high barriers to entry, and we look forward to continuing to provide students in top-tier university cities with much-needed access to world-class accommodation."
The property will include studios and one-bed apartments. It will have communal spaces, including a gym and garden.
UK-headquartered GSA currently provides student housing in eight countries around the world.
This is the seventh asset that Harrison Street and GSA have developed in Dublin under their joint venture here, which was launched in December 2015.
Earlier this month, GSA acquired five properties in Dublin from Harrison Street in a deal worth €400m.
Harrison Street, which employs more than 150 people, currently has around $24.8bn (€23bn) in assets under management.