Elkstone and Harrison Street jv to deliver Ireland PBSA
Elkstone, an Irish investment house, has formed a partnership with Harrison Street to develop more than 1,500 purpose-built student beds in Dublin, Limerick, Cork and Galway by 2028.
The joint venture aims to address the shortage of student accommodation in Ireland’s main cities by offering more choices to students while supporting third-level institutions in attracting more international students to Ireland.
Elkstone and Harrison Street will complete its first development Stoneybatter Place, situated on Manor Street in Dublin 7, in September 2023.
Elkstone, an Irish investment house, has formed a partnership with Harrison Street to develop more than 1,500 purpose-built student beds in Dublin, Limerick, Cork and Galway by 2028.
The joint venture aims to address the shortage of student accommodation in Ireland’s main cities by offering more choices to students while supporting third-level institutions in attracting more international students to Ireland.
Elkstone and Harrison Street will complete its first development Stoneybatter Place, situated on Manor Street in Dublin 7, in September 2023.
Stoneybatter Place will comprise 142 beds and amenities include a common area, laundry facilities, a gym and two roof gardens.
The five-storey property is close to Technological University Dublin, Trinity College, the Law Library, and Kings Inn.
Stoneybatter Place is funded by Activate Capital and Mezzino will operate the asset.
Paul Bashir, chief executive of Harrison Street’s European business, added: “Today’s announcement reflects our commitment to expand our presence in the Irish student housing market, which continues to demonstrate a need for high-quality student accommodations.
“80% of Dublin’s student population does not have access to purpose-built student housing options, and through our ongoing partnership with Elkstone we look forward to closing that gap by bringing premium student housing options to the market.”
To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews
