Round Hill and NBK to build Irish student scheme

Round Hill Capital and NBK Capital are to make their student housing debut in Ireland, after outlining plans to build a 145-bed scheme on a site acquired in Cork. The one-acre, mixed-use development site at Farranlea Road will kick-start a broader strategy to deliver more than 1,200 student beds across Cork, Dublin and Galway. The building will be managed by Nido Student, Round Hill’s platform for European student accommodation. Round Hill said it had more than €1bn (£900m) of dedicated capital to deploy into the local build-to-rent and purpose-built student accommodation sectors in Ireland. Michael Bickford, founder and chief executive of Round Hill Capital, said: “We recognise that areas of the student and residential markets in Ireland suffer from persisting structural supply constraints and we look forward to helping alleviate these pressures on housing.” Faisal Al-Hamad, chief executive of NBK Capital, added: “The stable and growing economy is a key attraction while  allowing us to create long-term employment and assist in developing the local and wider community in a responsible manner.”   To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette