A seven-storey apartment is to be built for students as part of a complex approved by An Bord Pleanála (ABP) on February 6th, 2019.
The apartments will be built on a site on Rathdown Road just a two-minute walk from the new Technological University Dublin (TUD) campus at Grangegorman. The development was fast-tracked under the Strategic Housing Development system which accelerates the application process of proposals for student accommodation containing two hundred or more bed spaces as part of Rebuilding Ireland.
The proposed development will provide 289 beds in total. The Inspectors Report released by ABP stated that two blocks were proposed – one to be three storeys high and the other five storeys rising to seven storeys.
This is just one of many student accommodation developments which have been built since the TUD campus opened its doors to the first one thousand students back in 2014. Fine Gael councillor Ray McAdam told the Irish Times that he felt the Grangegorman area is “suffering from an over-concentration of one type of development”.
The Union of Students in Ireland’s (USI) Vice President for Campaigns Michelle Byrne stated on Twitter that “Much of the new student accommodation is being built as Purpose Built Student Accommodation (PBSA) by Irish and global property investors, but the rents being charged are regularly unaffordable for the average student.”
She felt that the increase in rent made the accommodation more accessible to international students rather than Irish students.
Investment fund, NTM ROI Seed Capital LP submitted the application to build on the site on October 10th, 2018. It is part of NTM Capital which is a UK- owned private equity real estate manager which focuses on building student accommodation. The company previously bought a site on Upper Dominick Street in 2016 to build student accommodation.
Those apartments are due to be finished this September and will house up to 320 students mainly targeting students from DCU, Dublin Institute of Technology, Trinity College, and the Royal College of Surgeons, according to Uninest Student Residences. Uninest owns four different student accommodation sites around the TUD area.
Photo credit: Technological University Dublin