Greystar has acquired a 265-bed purpose-built student accommodation (PBSA) scheme in Cork, Ireland, from Elkstone Real Estate for an undisclosed price.
The Copley Court scheme offers a range of on-site amenities including a gym, private and group study spaces and a student lounge/games area.
Since it was relaunched in 2019, Copley Court has operated at or near full occupancy. It will now operate under Canvas Student, Greystar’s pan-European student accommodation brand. The purchase of Copley Court brings Greystar’s Irish PBSA portfolio to close to 2,200 beds.
Claire Solon, managing director – Ireland, at Greystar, said: “Copley Court is a strong addition to our Irish student accommodation platform, and a clear signal of the capital we now have available to deploy following the final close of GEPE II. Cork continues to see rising demand for high quality, well-managed student housing, and this acquisition reflects our confidence in the city’s long-term fundamentals.
“We look forward to working with the local on-site team to continue delivering a high standard of accommodation and service for students in Cork, while building on the asset’s established summer letting programme.”
