Global rental housing specialist Greystar has boosted its Irish purpose-built student accommodation (PBSA) portfolio with the acquistion of a 265-bed building in the southwestern city of Cork.
The purchase of Copley Court, in one of Ireland’s largest and fastest-growing university cities, brings the company’s overall PBSA holdings in Ireland close to 2,200 beds.
Copley Court, situated close to the city centre, is fewer than 3km from University College Cork and a host of other tertiary education colleges, Greystar noted in a statement. As well as being fully let during the academic year, the property benefits from a strong summer letting programme, the firm added.
Claire Solon, managing director for Ireland at Greystar, said the latest acquisition formed part of the company’s continued investment in the Irish PBSA and build-to-rent sectors.
“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,” Solon said referring to Greystar’s pan-European value-add residential fund – the largest ever.
“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.”
County Cork remains one of only a small number of Irish counties to have recorded growth in PBSA bed stock over the past year and is one of the country’s largest markets by student numbers alongside Dublin and Galway, Greystar said.
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.
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