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Round Hill and NBK Capital Enter Irish Market

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Round Hill Capital and NBK Capital have agreed to buy a student development in Ireland and aim to add further schemes to their portfolio.

Funds advised by Round Hill and NBKC have acquired the development site in Farranlea Road, Cork. The 1-acre site benefits from existing planning permission for a mixed-use scheme containing a 145 student beds.

They also plan to develop further PBSAs in Cork, Dublin and Galway, delivering more than 1,200 beds.

Round Hill has reportedly been evaluating the Irish market for some time and has over EUR 1bn of dedicated capital to deploy into the local built-to-rent and purpose-built student accommodation sectors.

Managing director of Round Hill Capital in Ireland, John Vaudin, said: "Thanks to its growing economy, Ireland continues to attract increasing numbers of students, both locally and internationally, and we look forward to playing an integral role as Ireland grows into one of the world's leading university locations."

"We are continuing to build on our residential-led property strategy across Ireland, bringing over EUR 1bn of dedicated capital to deploy into these sectors coupled with our expertise in investing in and operating student accommodation and residential assets across Europe."