Harrison Street continues to build Irish student accommodation portfolio

Harrison Street has bought its 11th purpose-built student accommodation (PBSA) asset in Ireland with the purchase of a fully-let 342-bed property in Cork.

The asset, called Melbourn Point, was completed ahead of the 2021 academic year and contains a unit mix of 335 ensuite and seven studio apartments. It is managed by student accommodation operator and manager Yugo.

The property offers one of the highest quality breadth of amenities among existing PBSA assets in Cork, including a gym, dedicated study space, cinema and game room with PlayStation consoles. Melbourn Point has attracted interest from students citywide, with 45 percent of its beds occupied by University College Cork (UCC) students. Together with Munster Technological University (MTU), UCC attracts 37,000 full-time students to the city each year. Melbourn Point is conveniently located across the street from MTU’s central campus. It is also just a 10-minute bus ride from UCC and a 15-minute bus ride from Co