In December 2016 the fund made a further investment in Dublin as part of the ongoing Joint Venture with US-based Harrison Street Real Estate. This is the fourth addition to the Dublin portfolio, with the existing developments at Mill Street and Gardiner Street progressing extremely well for opening at the start of the new academic year and the Broadstone Hall site already operating with its full complement of 101 beds.
The new property is in a prime location next to the Dublin Institute of Technology (DIT) Grange Gorman Campus, which is being created through the consolidation of numerous DIT Dublin city locations into one campus for over 20,000 students. Having the first purpose-built student accommodation property on the door-step of this substantial new concentration of students is a significant achievement.
The new site at Brunswick Street will accommodate 571 study beds, with opening scheduled for Autumn 2018. The development will offer studios and single en-suite bedrooms within cluster apartments. The design includes generous communal spaces, bright and welcoming student entrances, high levels of natural light in all rooms and sector-leading technologies.
Dublin’s DIT has origins dating back to the nineteenth century, and its 22,000 students study a wide range of courses including product design, marketing, mechanical engineering and the sciences.