Investment firm Elkstone is to develop a new 345-bed purpose-built student accommodation facility for Galway City in partnership with property investment management company Harrison Street.
The eight-storey building will include common study areas, a gym, bicycle storage, a cinema room, rooftop terrace, and reception open around the clock. Located close to Ceannt train station, it is a 15-minute walk from the University of Galway.What to expect in Budget 2025: Income tax changes, cost of living payments and how about inheritance tax?
The move is a significant increase in activity for Elkstone in this market. The company manages a €2 billion property portfolio with more than 3,200 properties delivered. It has projects in development in Dublin, Cork, Limerick, Belfast, and Galway and is a Land Development Agency partner. Monami Construction is the main contractor on the Queen Street project, with Mezzino operating the property. Development finance is being provided by Activate Capital.