Greystar has acquired a 265-bed purpose-built student accommodation (PBSA) property called Copley Court in Cork from Elkstone Real Estate, further expanding its Irish PBSA portfolio.
The purchase of Copley Court, in one of Ireland’s largest and fastest-growing university cities, brings Greystar’s Irish PBSA portfolio to about 2,200 beds.
Copley Court, which is in the south city center close to city hall, is less than 3 kilometers (1.9 miles) from University College Cork and other third-level colleges. As well as being fully let during the academic year, it benefits from a strong summer letting program.
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.
Copley Court adds to Greystar’s growing Irish portfolio, which spans build-to-rent (BTR) and PBSA assets across Dublin, Galway and Cork, as
