- Global Student Accommodation Group (GSA), Ireland’s largest PBSA operator, has deferred over €500 million of planned investment amid regulatory uncertainty linked to rent pressure zones and mixed government messaging, impacting development and investor confidence in the sector.
- Ireland faces a significant student accommodation shortfall of 25,000 to 30,000 beds due to a 25% rise in student numbers over five years and a 50% increase in international students in three years, while fewer than 1,300 PBSA beds are currently under construction despite over 11,000 units having planning consent.
- GSA, backed by investors including Harrison Street and Nuveen, paused a €500 million capital raise in Ireland but is expanding internationally, acquiring a 3,700-bed French portfolio for €540 million, reflecting a strategic shift amid challenges in Ireland’s planning and regulatory environment.
Student Accommodation Group Delays €500m Investment Amid Sector Uncertainty
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