Summary:
- Greystar acquired a 216-bed purpose-built student accommodation (PBSA) property on Church Street, Dublin, from Jersey-based Valeo Groupe Europe, marking its third major investment in Ireland’s PBSA sector and expanding its footprint under the Canvas brand.
- The property, operating at near full occupancy since 2018, was purchased through Greystar Equity Partners Europe II, a recently closed pan-European value-add residential fund focused on long-term investment in student and multifamily housing.
- Valeo Groupe Europe, advised by JLL, completed the sale after strong asset performance, with both parties emphasizing the strategic importance of meeting Ireland’s growing demand for quality student accommodation amid rising population and enrolment.
Original article:
https://benews.co.uk/greystar-picks-up-another-pbsa-asset-in-ireland/
