International investment firm buys €85m student accommodation development in Dublin
Round Hill Capital, an international real estate investment firm, and NBK Capital, have bought a 368-bed student accommodation development in The Liberties area of Dublin 8.
NBK Capital, a Middle Eastern investment company, will help fund the development.
The development has a value of €85m.
The site was purchased from Summix, an urban mixed-use regeneration project specialist.
Round Hill Capital plans to partner Summix on additional student accommodation developments in Ireland.
This is Round Hill Capital’s third student accommodation investment in Ireland, following the acquisition of a 145-bed development on Farranlea Road in Cork in December 2018.