News - 10th March 2016 - (Arabian Business)
Dubai-based Global Student Accommodation (GSA), which operates thousands of student beds in the Middle East and Europe has announced plans to invest in $55 million (€60m) in a Dublin city centre student accommodation facility.
The 500-bed, seven-storey student accommodation, located on Dublin’s Gardiner Street, will be developed by Carrowmore Property,according to The Irish Times, and is expected to be ready in time for student intake in September 2017.
The north inner city development will be GSA’s second student facility in the city. Last September GSA secured planning permission $51.8m student accommodation scheme in the southwest of Dublin city, to be developed in conjunction with property investment and management company, The Creedon Group.
GSA and Chicago-based real estate private equity firm Harrison Street announced in September last year an $275m (€250m) agreement to invest in student accommodation in Dublin over the next five years.