Student Accommodation Expansion
Plans Announced for Irish Student Accommodation Expansion For Immediate Release
Irish-based company Atelier Property have been appointed as development manager and operating partner to UK-based Ziggurat fund. Atelier Property are an independent property developer and operator. The Atelier Property Group currently manage and operate buildings in Ireland (Dublin and Cork) and in the UK (Edinburgh and Reading).
Over the next 4 years, the Ziggurat/Atelier partnership will launch 4,000 student beds across Ireland. Immediate plans include an additional Cork building located at Western Road for 190 beds to open to it's first residents in September 2018, 3 further sites in Dublin; a site at North Circular Road for 420 beds and 2 sites on Dominick Street Upper, totalling 324, to launch in June 2018. An additional site in Galway, close to NUI Galway campus, will begin construction in January 2018 and add an additional 400 student beds to the market.
Matthew McAdden, Chief Executive Officer of Atelier Property Group said of the plans "Atelier has set out its target to manage 20,000 beds by 2020. 10,000 in Ireland and 10,000 in the UK. Atelier has proven it's abilities as Development Manager, Property Manager and Asset Manager. Atelier’s strength, depth and experience make it uniquely positioned to maximise value for funds, asset owners and landowners operating in the purpose built student accommodation sector in Ireland, having successfully managed the acquisition, development, management, letting and sale of £100 million of student assets in the United Kingdom.”
Conor MacGowan, Chief Operating Officer of Atelier Property revealed upcoming Irish plans today. “We are excited about our plans to expand within the Irish student housing market. There is a great need for professionally-managed student accommodation right across the country and we pride ourselves in delivering high quality accommodation within a safe, reassuring environment for both students and parents alike.”
The company specialises in safe, convenient locations close or easily accessible to college campuses. There is a property manager on site with reception facilities and added extras provided as standard. Students are divided into clusters with their own comfortable rooms, with 6-8 students sharing a common kitchen and living room.
Bookings are now open for the 2017 / 2018 college year in Dublin and Cork. Visit www.zigguratstudents.com for details.
Atelier Property Group is PSRA registered, licence number 003715.