It was announced today that Uninest has officially opened a new student accommodation scheme, The Tannery in Dublin 8. Bank of Ireland Corporate Banking funded the building of the residence for Uninest, which is part of Global Student Accommodation Group (GSA). 
 
The new building comprises 296 student beds and adjoins the current New Mill student accommodation scheme, a 400 bedroom complex which is also funded by Bank of Ireland and opened last summer.

Students who will be moving into The Tannery next month can look forward to on-site laundry facilities, a cinema room, an arcade room, high-speed broadband and WiFi, study areas and all utility bills are included.
 
Speaking at the official opening of The Tannery, GSA’s Development Director UK & Ireland, Aaron Bailey said, "As Ireland maintains its reputation for having some of the world’s best academic institutions there is continued demand for high-quality purpose-built student accommodation in the region. The construction of The Tannery has extended our student accommodation offering to 696 beds in the popular Liberties area, and along with our brand new Ardcairn House development we now have a total of 1,861 operational beds in Dublin with a further 190 in Cork - helping to alleviate some of the pressures of the current housing crisis."

Head of Property Finance Group at Bank of Ireland Corporate Banking, Paul McDonnell added, "GSA has an excellent track-record in the student accommodation sector and this development further highlights our ongoing commitment to that sector.  As with all of our customers, we’ve fostered a longstanding relationship with GSA and continue to work very closely with the team to support their ambitious plans in Ireland. This transaction is the latest in a number of major financings Bank of Ireland has completed over the last 24 months for many of Ireland’s leading names in real estate, and we look forward to continuing this support long into the future."

Source: www.businessworld.ie