Funds advised by Round Hill and NBK Capital (NBKC) have acquired a 1-acre site with planning permission at Farranlea Road, in Cork, Ireland, and will immediately proceed to construct a mixed-use project including 145 purpose-built student accommodation (PBSA) beds and facilities.
Round Hill and NBKC also plan the acquisition and development of further PBSA schemes in Cork, Dublin and Galway, that will deliver in excess of 1,200 beds.
The development site acquired in Cork is located close to the city center, at Farranlea Road with easy access to both University College Cork and Cork Institute of Technology. The building will be managed by Nido Student, Round Hill’s established operational platform and brand for European student accommodation. Nido Student provides a home, lifestyle and experience that both inspires students and helps to build a real community. Nido Student acts for Round Hill advised and third-party capital partners across Europe.
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