Transactions - MARCH 22, 2017

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Harrison Street JV begins phase II of Dublin project

by Jody Barhanovich

Harrison Street Real Estate Capital, in a joint venture with Global Student Accommodation Group, has begun construction of the second phase of its New Mill student housing project in Dublin. The project is scheduled to open by summer 2018.

Mill Street II, which will offer 296 beds, will serve students attending universities in central Dublin. The property is located immediately adjacent to the joint venture’s New Mill project, which contains 400 beds and will open for the fall 2017 semester.

In December 2015, GSA and Harrison Street announced an agreement to invest €250 million ($270.3 million) in student accommodation in Dublin during the next five years. Mill Street II will be the fourth student housing development under the joint venture. In aggregate, the joint venture currently has approximately 1,900 beds in operation or under construction in Dublin.

The announcement comes shortly after the joint venture announced its Brunswick Street project in late 2

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