ANOTHER STUDENT ACCOMMODATION COMPLEX UNDER CONSTRUCTION [THIS WAS KNOWN LOCALLY AS SQUAT CITY]
Things can change within a short period of time.
On the 20th July last year the High Court ordered squatters to vacate this site. Back then a number of men, women and children have set up home in lands and buildings at Lower Grangegorman and Brunswick Street where planning permission had been granted for 126 student accommodation units.
Two months ago GSA (Global Student Accommodation) announced the appointment of Bennett Construction as the contractor on its purpose-built student accommodation project in Brunswick Street, Dublin 7. The two companies are already working together on the 491-bedroom student development at Kavanagh Court in Gardiner Street, Dublin 1.
Featuring 571 en-suite rooms, it is expected that construction will be completed in the middle of 2018 with the first students moving in during the autumn of 2018. There will be 650 jobs created during the building phase with an estimated 75 jobs ongoing post-completion.
According to Higher Education Authority there should be in the region of 10,500 new student accommodation beds in Ireland by 2020 but about 8,000 of these will be in Dublin. They also estimated that total gross investment planned, by HEIs and private developers, is in the order of €1 billion over the period to 2024. The level of income generated by the university sector from student accommodation is due to increase from €51 million in 2014 to just under €120 million in 2024. The costs of maintaining the in creased number of bed spaces will double over the period from an estimated €30 million in 2014 to just over €63 million in 2024. These costs do not include the cost of major refurbishments.