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Harrison Street, Global Student JV boosts Irish student accommodation portfolio

A joint venture between property investment management firm Harrison Street Real Estate Capital and Global Student Accommodation Group is boosting its Irish student accommodation portfolio with the addition of four properties, totaling 1,325 beds, in a €200 million transaction, IPE Real Assets reported.

The deal will see the addition of two purpose-built student accommodation developments in Dublin and two Uninest Student Residences developments in Cork, where Global Student Accommodation will be operating for the first time.

The two Uninest Student Residences developments include a 190-bed property, set to open in September, and a 413-bed residence, set to open in 2020, while the two Dublin residences comprise a 402-bed development and a 320-bed development, both set to open in time for the 2019 academic year.