DLA Piper advises Greystar on Landmark Acquisition in Ireland

DLA Piper has is proud to have acted as legal advisors to our client, Greystar, in their acquisition of the Point Campus student housing scheme in Dublin for approximately EUR150 million. This landmark deal marks the largest residential property transaction in Ireland in 2024, showcasing Greystar's strategic expansion and commitment to addressing the growing demand for high-quality, professionally managed student accommodation.

The Point Campus development, originally spearheaded by Michael O'Flynn, is a 966-bed, purpose-built student accommodation (PBSA) scheme located in Dublin's vibrant docklands. Its premium facilities, including a cinema, gym, common areas and a roof terrace, position it as a standout asset in the Irish market. Greystar plans to operate the property under its Canvas student housing platform, which is renowned for providing exceptional living experiences across the UK, Netherlands, and Spain.

Kathi Ó Riain, Partner at DLA Piper, who led the legal team on this transaction, commented: “We are delighted to have supported Greystar on this landmark acquisition. The deal highlights Greystar's commitment to the Irish market and their strategic vision in addressing the critical need for professionally managed student housing. This transaction demonstrates the strength of DLA Piper's real estate practice and our ability to deliver results on complex, high-profile deals.”

Claire Solon, Managing Director of Greystar Ireland, highlighted the group's enthusiasm for entering the Irish student accommodation market, noting the significant demand for high-quality housing from both domestic and international students.

This acquisition represents a significant milestone for Greystar and underscores their strategic vision to in capitalise on Ireland's robust student housing market.

DLA Piper extends its congratulations to the entire Greystar team on this achievement and looks forward to supporting their continued growth in Ireland and beyond.