Global real estate company Greystar has agreed a deal to buy a 216-bed purpose-built student accommodation property on Church Street in Dublin from Valeo Groupe Europe, a Jersey-based investment firm.
The transaction price of the deal was not disclosed.
The property is Greystar’s third major investment in Ireland’s bed purpose-built student accommodation (PBSA) sector after the acquisition of Point Campus in Dublin in 2024 and the 724-bed Project Galaxy portfolio in Dublin and Galway in 2025.
The four properties establish a nationwide portfolio of 1,906 student beds, positioning Greystar among the largest PBSA operators in Ireland.
Today’s deal was completed on behalf of Greystar Equity Partners Europe II, Greystar’s recently closed pan-European value-add residential fund.
The fund secured more than €2.7 billion of commitments and provides over €6.8 billion of investment capacity to support acquisitions and development across key European residential markets, including Ireland.
Since opening in 2018, the Church Street property has operated at or near full occupancy. It will now operate under Canvas, Greystar’s pan-European student accommodation brand, joining a portfolio that spans seven countries across Europe.
Claire Solon, Managing Director – Ireland, Greystar, said that Ireland continues to need more homes and accommodation.
“We believe long-term investment has an important role to play in helping meet that demand. As Ireland’s population and student numbers continue to grow, there is a clear need for more places for people to live and study,” she said.
“We see significant opportunities across both student accommodation and multifamily housing and, with substantial capital available for investment, remain committed to growing our presence in Ireland and providing the homes and accommodation people need,” she added.
David Saunders, Managing Director at Valeo Management Europe, said the property has consistently performed strongly since opening, and this transaction represents an excellent outcome for Valeo and its investors.
“We are confident that Greystar is well placed to build on the asset’s success and continue delivering a high-quality living experience for students in Dublin,” he added.
