Ahli United Bank Acquire Durham Student Accommodation
25th Sep 2018
The latest figures provided by Dublin City Council indicate that nearly 1,900 off-campus student accommodation beds are due to be completed in Dublin city centre by the start of the 2017 academic year.
This includes the EUR 40m student development, consisting of 471 beds, which has just been completed at the Digital Hub on Thomas Street. The property will be open to students from the start of the forthcoming academic year.
In addition to this latest scheme a number of developers have given notice to the council that work has begun on student housing projects, which will be completed over the next 12 months. Once all the projects are finished they will provide in total around 1,300 more student beds.
The four largest of these developments are due for completion within the next year. The smallest of which is a 49-bed site located on the corner of Wexford Street and Protestant Row and which will be finished by next June.
A EUR 40m project by Global Student Accommodation will provide 399 beds across seven storeys and is being built at the former industrial site at Mill Street.
In Dorset Street in Dublin, the Student Housing Company is undertaking a EUR 60m student accommodation development that once complete will provide 447 beds. The new development will be less than 10 minutes away from the newly planned DIT Grangegorman campus.
Finally, Global Student Accommodation are looking to develop a 491-bed scheme at the site of the former IDA centre on Gardiner Street. The seven storey site will cost EUR 60m and will be close to numerous institutions including Trinity College.
Ireland's Union of Students has welcomed the increased development of purpose built student accommodation, which it's hoped will take students out of competition with other renters, which includes professionals as well as families.
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