Round Hill Capital and NBK Capital have acquired a 1 acre site with planning permission in Cork to mark the first investment of its Irish student accommodation-focused joint venture.
The development site is located close to the city centre, at Farranlea Road, and has a gross development cost of €19m (£16.9m) that will deliver 145 purpose-built student accommodation (PBSA) beds and facilities. Located close to University College Cork and Cork Institute of Technology, the completed building will be operated by Nido Student, Round Hill’s operational platform and brand for European student accommodation.
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