Bank of Ireland Finalizes Multi-Million Euro Refinance of 601-Bed Student Housing

Summary:

  • Bank of Ireland has refinanced its partnership with GSA, bringing its total funding in Ireland’s student accommodation sector to over €700 million, supporting the delivery of more than 7,000 beds nationwide and easing pressure on the wider residential market.
  • GSA, active in Ireland since 2015 with Bank of Ireland financing its first 400-bed development, now manages around 4,000 student beds across Dublin and Cork and operates internationally across 11 countries as an investor, developer, and asset manager of purpose-built student accommodation (PBSA).
  • The refinancing underscores Bank of Ireland’s decade-long commitment to the sector, with both parties highlighting plans to continue expanding high-quality student housing, including prime locations like Kavanagh Court in Dublin city centre, to support Ireland’s third-level education system and social infrastructure.

Original article:

https://www.independent.ie/business/bank-of-ireland-completes-multi-million-euro-refinance-of-601-bed-student-accommodation-unit/a226583315.html

- Advertisement -

Subscribe to news alerts