Global real estate company Greystar has agreed a deal to buy a 265-bed purpose-built student accommodation property called Copley Court in Cork from Elkstone Real Estate.<\/p>\n
The Cork deal further expands Greystar’s Irish purpose-built student accommodation (PBSA) portfolio and brings its Irish PBSA portfolio to almost 2,200 beds.<\/p>\n
Greystar also has build to rent and PBSA assets across Dublin, Galway and Cork, as the platform continues to scale its presence in the Irish residential and student living sectors.<\/p>\n
Today’s deal was completed on behalf of Greystar Equity Partners Europe II (“GEPE II”), its recently closed pan-European value-add residential fund.<\/p>\n
The fund secured more than \u20ac2.7 billion of commitments and provides over \u20ac6.8 billion of investment capacity to support acquisitions and development across key European residential markets, including Ireland.<\/p>\n
Copley Court is Greystar’s fourth 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 last year.<\/p>\n
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, joining a portfolio that spans seven countries across Europe.<\/p>\n
The property offers a range of amenities including a gym, private and group study spaces and a student lounge \/ games area.<\/p>\n
Claire Solon, Managing Director – Ireland, Greystar, said the latest acquisition forms part of the company’s continued investment in the Irish PBSA and BTR sectors, where structural undersupply against growing demand continues to underpin institutional investment.<\/p>\n
“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,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"Global real estate company Greystar has agreed a deal to buy a 265-bed purpose-built student accommodation property called…\n","protected":false},"author":2,"featured_media":604815,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-604814","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/604814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=604814"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/604814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/604815"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=604814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=604814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=604814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}