DUBLIN / LONDON (IT BOLTWISE) – Berlin-based Catella Investment Management GmbH, in collaboration with Catella APAM Property Ltd. acquired a new student residence in the central Dublin district of The Liberties. This investment is part of the European Residential III Article 9 fund, which now includes almost 4,000 units in ten countries. The project offers modern housing options for students and responds to the increasing demand for student housing in Dublin.
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The Berlin-based Catella Investment Management GmbH (CIM) in cooperation with Catella APAM Property Ltd. acquired a modern student residence in The Liberties district of Dublin. This investment is part of the European Residential III Article 9 fund, which focuses on sustainable residential projects in Europe. With this acquisition, the fund expands its portfolio to almost 4,000 residential units in ten different countries.
The residence, completed in 2019, offers around 6,200 square meters of rentable space, of which 5,600 square meters are for private and communal living space. The complex also includes a café on the ground floor and various social areas that are available to residents. The rooms are equipped to a high standard and offer modern comfort for students studying in Dublin.
Since Brexit, Ireland has become increasingly more attractive for international students, which is significantly increasing the demand for student accommodation in Dublin. Michael Keune, Managing Director of the CIM, emphasizes that the restrictive immigration policy in the USA and the political pressure on US universities are further promoting this development. The market for student accommodation in Dublin is tight, as there are currently 4.5 students per available place.
The project is strategically located in The Liberties district, close to several universities and colleges with a total of around 84,000 students. The good connection to the public transport network and the proximity to cultural and commercial facilities make the dormitory particularly attractive. The location has experienced significant upgrading in recent years through numerous new buildings.
The Catella European Residential III fund, which was launched in 2019, focuses on investments in new housing stock with high energy standards at affordable rents in European growth regions. This strategy aims to meet the need for sustainable housing in urban centers while generating attractive returns for investors.
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