Carlyle completes Carman's Hall PBSA buy from swift selling Crosslane

By Richard Hook2018-10-30T12:01:00

Crosslane Student Developments has completed a quick sale of its first Irish purpose-built student accommodation development, Carman’s Hall in Dublin, to alternative asset manager the Carlyle Group.

Having acquired the site in May, Crosslane secured planning consent to begin work on a 207-bed purpose built student accommodation scheme in August before making the off-market sale to Carlyle. Crosslane will continue to act as development manager to oversee construction of the new scheme and ensure it is completed for the 2019/2020 academic year.

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