Catella Investment Management (CIM), in partnership with Catella APAM Property Ltd., has acquired a student residential complex in the centrally located Liberties district of Dublin. The acquisition was made for the Article 9 fund Catella European Residential III (CER III), which now has a volume of approximately €1.1 billion ($1.3 billion), with nearly 4,000 residential units in 10 countries.
Completed in 2019, the purpose-built student accommodation complex comprises three to six floors with a total of approximately 6,200 square meters (66,700 square feet) of gross lettable area. Of this, approximately 5,600 square meters (60,300 square feet) is private living and communal space, 472 square meters (5,081 square feet) is social space, and 92 square meters (900 square feet) is a café located on the ground floor.
Michael Keune, managing director of CIM, said, “Since Brexit, Ireland has become increasingly attractive to international students. The restrictive immigra
