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 also 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, and is located in the Liberties area.
Robert Mathias, senior MD and head of international business for Harrison Street, said: “Dublin’s student housing market remains significantly underserved 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 accommodations.”
The property will include studios and one bed apartments. It will also have communal spaces including a gym and garden.
UK-headquartered GSA 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, has around $24.8bn in assets under management.