Significant investment sees GSA and Harrison Street Real Estate Capital JV enter the Cork market for the first time
While Ireland maintains its reputation for having some of the best academic institutions globally, there will continue to be strong demand for high-quality purpose-built student accommodation from both home and international students. Learning from our experiences in acquiring and developing new sites in Dublin, we have been able to rapidly expand our presence in the Irish market, recently announcing new transactions in Cork with our joint venture partner Harrison Street.
Our entrance into the Cork market includes two Uninest Student Residences; a 190-bed development close to the entrance of University College Cork on Western Road, which will open in September 2018; and a 413-bed residence on a former Beamish Brewery site in the city centre opening in 2020. The Beamish project will play a key role in major regeneration works taking place in Cork city centre and will be ready opening in autumn 2020.
As with our other properties globally, these two residences will bring unrivalled accommodation including laundry facilities, a gym, cinema and games room as well as welcoming on-site management services to meet modern students’ demand in the city.
Creating a vibrant student community
Since entering the Dublin market, GSA has been leading the way with its creation of student communities in areas needing social regeneration. 2018 will be another exciting year for us as we prepare to open The Tannery – a 296-bed property located in the historic Liberties neighbourhood and immediately adjacent to our New Mill residence, which opened in September 2017. Together, these three properties will form a campus-style community in the up-and-coming area of Dublin.
GSA’s expertise and knowledge enables us to deliver accommodation which makes a real difference to students’ lives. By building strong links and working collaboratively with local businesses and councils, we are not only able to help release pressure on local housing stock, we are also able to create vibrant communities for students to engage in creative learning and socialising.