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Harrison Street and Eagle Street are developing 554 rental apartments in Dublin

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US investment management firm Harrison Street will join forces with European real estate investment manager Eagle Street Partners to acquire a new development in Dublin.

The newly formed joint venture will see both companies developing the East Road residential unit, which will comprise 554 rental units.

Eagle Street will serve as the developer of the project through its Resident Space operating platform.

In addition to residential units, the East Road development will include 43,162 square feet of commercial space, which will include a coffee shop, daycare center and retail units.

The development will take place near Dublin’s technology hub in the city’s Docklands area, which employs more than 40,000 people.

According to Harrison Street, the move comes at a time when there is definitely a need for more rental housing in the city.

“Demand for rental accommodation in Dublin has outpaced development over the past decade as Ireland’s growing population and influx of young professionals continue to stress the city’s outdated housing options,” said Chief Executive Paul Bashir.

“We are excited to bring a purpose-built, quality rental option to a neighborhood supported by strong demand drivers.”

Harrison Street, which launched its European strategy in 2015, has to date invested in 11 purpose built student accommodation in Ireland.

Eagle Street was incorporated in 2020 and has an office in Dublin.

https://www.independent.ie/business/irish/harrison-street-and-eagle-street-to-develop-554-build-to-rent-apartments-in-dublin-41709482.html Harrison Street and Eagle Street are developing 554 rental apartments in Dublin

Fry Electronics Team

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