Hines Acquires 298-Bed Purpose-Built Student Accommodation Asset in Dublin
Hines, the global real estate investor, developer and manager 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, UK. While 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 that plans to deliver an additional 1,300 beds once completed …