Greystar has acquired a 216-bed purpose-built student accommodation (PBSA) property on Church Street in Dublin from Jersey-based investment firm Valeo Groupe Europe for an undisclosed price.
The transaction was completed on behalf of Greystar Equity Partners Europe II (GEPE II), Greystar’s recently closed pan-European value-add residential fund.
Since opening in 2018, the property has operated at or near full occupancy and it will now operate under Canvas, Greystar’s pan-European student accommodation brand.
The property is Greystar’s third major investment in Ireland’s PBSA sector following the acquisition of Point Campus in Dublin in 2024 and the 724-bed Project Galaxy portfolio in Dublin and Galway in 2025.
Claire Solon, managing director – Ireland, at Greystar, said: “Ireland continues to need more homes and accommodation, and we believe long-term investment has an important role to play in helping meet that demand. As Ireland’s population and student numbers continue to grow, there is a clear need for more places for people to live and study.
“We see significant opportunities across both student accommodation and multifamily housing and, with substantial capital available for investment, remain committed to growing our presence in Ireland and providing the homes and accommodation people need. Church Street is an excellent addition to our portfolio and reflects our focus on well-located properties that offer residents a great place to live while studying in Dublin.”
David Saunders, managing director at Valeo Management Europe, added: “We are delighted to have completed the sale of Church Street to Greystar. The property has consistently performed strongly since opening, and this transaction represents an excellent outcome for Valeo and our investors. We are confident that Greystar is well placed to build on the asset’s success and continue delivering a high quality living experience for students in Dublin.”
Valeo was advised by JLL.
