2025-10-20 7:06 CET, Europe, Germany | Investment Management | Press release
Catella Investment Management (CIM), in partnership with Catella APAM Property Ltd. has acquired a student residential complex centrally located Liberties district of Dublin. The acquisition was made for the Article 9 fund Catella European Residential III (CER III), which now has a volume of approximately EUR 1.1 billion with nearly 4,000 residential units in 10 countries.
Completed in 2019, the purpose-built student accommodation complex comprises three to six floors with a total of approx. 6,200 sqm of gross lettable area. Of this, approx. 5,600 square meters is private living and communal space, 472 square meters is social space, and 92 square meters is a café located on the ground floor.
Michael Keune, Managing Director of CIM, explains: "Since Brexit, Ireland has become increasingly attractive to international students. The restrictive immigration policy of the USA and political pressure on US universities are further reinforcing this trend. At the same time, there is a significant undersupply of purpose-built student housing in Dublin, with 4.5 students competing for each available place. Rents on the open housing market have also risen sharply in recent years."
Conor O’Gallagher, Director & Head of Ireland at Catella’s sister company Catella APAM Property Ltd., says: “Student housing is an important provision for the future. Especially in high-demand and high-price housing markets, access to further education and career opportunities is limited by the availability of housing. Investments in this area ensure the preservation and expansion of existing offerings.”
As is customary in the Dublin student housing market, between three and eight bedrooms are grouped around a communal area with a kitchen. The project offers 207 modern bedrooms with double beds, en-suite bathrooms, wardrobes, desks, and generous storage solutions. Room sizes vary between 12.5 and 17.4 sqm. In addition, the project offers a variety of communal social areas, such as a gym, a cinema room, a gaming room, study and seminar rooms, an open communal area, a laundry room, a parcel room, a 24-hour reception, a roof terrace, and a green courtyard.
The property is located in the vibrant inner-city district of The Liberties, within walking distance of several universities and colleges with a total of around 84,000 students. It benefits from excellent public transport connections via the St. Stephen's Green and Four Courts tram stops. In addition, there are several bus stops in the immediate vicinity. Heuston Station, the main railway station, is 1.8 km away and provides interregional connections. The Liberties district has undergone extensive redevelopment in recent years with a large number of new hotels, student residences, residential complexes, and commercial space.
The fund Catella European Residential III (CER III) was launched in 2019 and focuses primarily on investments in new residential properties with high energy efficiency standards and affordable rents in European growth regions, including Germany, Austria, Benelux, France, Scandinavia, Spain, and the UK. Investments in different housing market segments, such as student housing, senior living and serviced apartments, help to reduce inherent political and regulatory risks in the highly demanded housing market. CER III currently has assets under management worth approximately €1.1 billion.
About Catella Investment Management GmbH
Catella Investment Management GmbH (CIM) is an independent and entrepreneurial real estate investment advisor for funds and mandates with assets under management of approximately EUR 10 billion. As a subsidiary of the Stockholm-based Catella AB, CIM advises more than 25 mutual real estate funds and special real estate funds as well as several mandates across 15 European countries, with a focus on residential, mixed-use, parking, and logistics properties. CIM provides (advisory) services in research, portfolio management, acquisitions, disposals, and asset management. The company operates offices in Berlin, Munich, and Vienna.
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For further information: Catella Investment Management GmbH Stine Zöchling Head of Marketing and Public Relations Office: +49 (0)30 887 285 29 76 Mobile: +49 (0)151 544 51 005
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Further information can also be found on the website at www.catella.com/immobilienfonds
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