Dublin City University is to invest €230m over the next five years to develop facilities across its north-Dublin campuses. 

The development plan will see the university upgrade the recently acquired All Hallows Campus in Drumcondra, which will include new student accommodation and capacity for students. 

Accommodation will also be added to its main campus off the N1 - with a student centre and new lecture facilities also due to be added there.

The majority of the investment will be funded from long-term borrowing, including a €76m loan from the European Investment Bank and a €54m loan from the Ireland Strategic Investment Fund. 

The remainder will be provided for by philanthropic donations, government grants, student contributions and the university itself.