SHOW FLAT OPENS FOR DUBLIN’S LARGEST PURPOSE BUILT STUDENT ACCOMMODATION
Press release - 17th May 2017 - Dublin
GSA on track to deliver 491-bedroom Kavanagh Court development for September 2017
GSA is on target to deliver Kavanagh Court for September, and is currently taking booking for show flat viewings. Following the acquisition of the former IDA site at Gardiner Street, Dublin 1, GSA together with its Chicago-based real estate private equity partner, Harrison Street Real Estate Capital, have invested over €60 million into regenerating the site, which will provide 491 ensuite bedrooms across seven stories, with the support of Ulster Bank.
The opening this autumn of GSA’s Kavanagh Court and New Mill residences comes after the leading PBSA provider opened Broadstone Hall in 2016. In total, the three residences, all of which are to be operated under GSA’s Uninest Student Residences brand, will have contributed almost 1,000 much-needed student rooms to Dublin. GSA aims to bring more than €250 million of investment into the city, creating 5,000 new student rooms by 2021.
Situated within close walking distance of Trinity College and Dublin Institute of Technology, Kavanagh Court will cater for those looking for hassle-free, safe living in high quality accommodation in a prime location close to Dublin’s centres of learning. As Dublin’s tram system expansion comes online, Gardiner Street will witness improved links across the city, with a stop less than a two minute walk from the new student development.
Tim Mitchell, GSA’s CEO for EMEA, said: “Kavanagh Court is our most ambitious project in Dublin to date. There are currently some 80,000 full time students studying in Dublin’s nine higher education institutions and a further 100,000 students coming to the city to study English language courses each year. The recent Irish Government education strategy includes a goal of increasing international enrolment in Irish higher education by 33% by 2020, yet up until recently there has been almost no student housing built on or off campus in Dublin. We hope that this development will help ease this additional demand”.
Eddie Cullen, Managing Director of Commercial Banking at Ulster Bank, which provided debt funding for the project said: “Ulster Bank’s commercial real estate team is delighted to see this exciting project reach the show house stage. This development at Gardiner Street, together with the other GSA developments including Brunswick Street, provides quality, well-serviced student accommodation in Dublin city centre and we are very pleased to support this high calibre project.”
The development is set to provide Dublin with a totally new form of student accommodation. In contrast to privately rented accommodation, all GSA residences are entirely tailored to the needs of the student and the ‘all-inclusive’ rates cover all utilities as well as the use of various amenities including gyms, study rooms, cinema rooms, social and recreational spaces. This hassle-free offering is central to GSA’s ethos and is designed to ensure students are able to focus on studies as opposed to worrying about their accommodation demands.
GSA sites now open in Dublin:
- Broadstone Hall, Dublin, was refurbished and reopened in September 2016. It provides 101 student beds.
GSA sites due for delivery in Dublin in 2017:
- Kavanagh Court, Dublin, is being delivered by Bennet Construction, and will provide 491 student beds from September 2017.
- New Mill, Dublin, is being delivered by BAM Building, and will provide 400 student beds from September 2017.
GSA sites due for delivery in Dublin in 2018:
- Brunswick Street, Dublin, is being delivered by Bennet Construction, and will provide 571 student beds from September 2018.
- Mill II, an extension to the first phase of GSA’s New Mill, will include a further 296 beds and is scheduled to open in Summer 2018.
To see a short video about the development of the site and the support of Ulster Bank:
To book a show flat viewing, please email firstname.lastname@example.org, or call 01 537 5000.
Jenna Greig and James Harris, Lucre
+44 (0)208 741 5900
Tabitha Aldrich-Smith, GSA Group:
+44 (0) 7971 919610