Crosslane Student Developments acquired the site for its new development.
This site is the Company's second PBSA scheme in Ireland, following the acquisition and development of Carman's Hall, Dublin, a 207-bed PBSA scheme due to be complete for the start of the 2019/20 academic year.
Crosslane will work with local suppliers and contractors, as well as the local planning authorities to ensure the company creates long-term employment and assist in developing the local and wider community in a responsible manner.
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Lisa Timberlake, Senior Development Manager, Crosslane Student Developments, said: "Crosslane has been assessing the student accommodation market in Ireland for several years and is pleased to make our second investment in Ireland and play a part in helping to support Ireland's reputation as a stable and growing economy and a leading university location. We look forward to expanding Crosslane's business in Ireland in a responsible way.
"The student and wider residential market in Dublin continues to suffer from persisting demand/supply imbalances and we look forward to helping alleviate those pressures, as well as creating jobs and infrastructure for the long term."
(CM/MH)
