Global real estate company Greystar has agreed a deal to buy a 265-bed purpose-built student accommodation property called Copley Court in Cork from Elkstone Real Estate.
The Cork deal further expands Greystar’s Irish purpose-built student accommodation (PBSA) portfolio and brings its Irish PBSA portfolio to almost 2,200 beds.
Greystar also has build to rent and PBSA assets across Dublin, Galway and Cork, as the platform continues to scale its presence in the Irish residential and student living sectors.
Today’s deal was completed on behalf of Greystar Equity Partners Europe II (“GEPE II”), its 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.
Copley Court is Greystar’s fourth major investment in Ireland’s PBSA sector following the acquisition of Point Campus in Dublin in 2024 and the 724-bed Project Galaxy portfolio in Dublin and Galway last year.
Since it was relaunched in 2019, Copley Court has operated at or near full occupancy. It will now operate under Canvas Student, Greystar’s pan-European student accommodation brand, joining a portfolio that spans seven countries across Europe.
The property offers a range of amenities including a gym, private and group study spaces and a student lounge / games area.
Claire Solon, Managing Director – Ireland, Greystar, said the latest acquisition forms part of the company’s continued investment in the Irish PBSA and BTR sectors, where structural undersupply against growing demand continues to underpin institutional investment.
“Copley Court is a strong addition to our Irish student accommodation platform, and a clear signal of the capital we now have available to deploy following the final close of GEPE II. Cork continues to see rising demand for high quality, well-managed student housing, and this acquisition reflects our confidence in the city’s long-term fundamentals,” she said.
