Hines acquires 298-bed purpose-built student accommodation asset in Dublin

Hines has acquired Scape Dublin, a purpose-built student accommodation (PBSA) asset located in the heart of Dublin 2 on behalf of the firm’s Core Plus fund, Hines European Property Partners (HEPP).

The purchase of Scape Dublin sees Hines continue its strategy of building a portfolio of prime PBSA assets in European locations where demand is strong and supply is constrained.

The acquisition follows the announcement by Hines in March this year that HEPP would forward fund the 260-bed Gas Lane development in Bristol, U.K. In February the firm’s value fund series, Hines European Real Estate Partners (HEREP) committed to fund two large-scale, student-living projects in Paris with an additional 1,300 beds.

Scape Dublin, the 298-bed student accommodation facility that opened in 2020, will be rebranded aparto Dublin Stephen’s Quarter after the acquisition. It will become the firm’s sixth PBSA asset in Dublin and brings the total number of beds managed by its Eur