British real estate company Round Hill Capital says it is opening an Irish office and making €1 billion available to invest in the rental and student accommodation market here.
Round Hill has acquired, built and managed over 110,000 residential and student housing beds across Europe.
Newly appointed Managing Director for Ireland John Vaudin will lead Round Hill’s expansion into Ireland.
Mr Vaudin previously worked with WK Nowlan Real Estate Advisors in Dublin for 12 years, while he was also involved with Johnny Ronan and Richard Barrett’s Treasury Holdings.
Round Hill is currently funding a pipeline of over 7,000 student accommodation beds across the UK, Ireland and Continental Europe, with the group targeting 20,000 student beds in these regions by 2020.
Commenting on the Irish housing market, Founder and CEO of Round Hill Capital Michael Bickford said: "Consistent with many European countries, the Irish student and residential housing markets suffer from structural supply/demand imbalances.
"Round Hill has a proven 15-year track record of investing into such markets, where we identify opportunities that will deliver sustainable housing, whilst creating long term jobs."
The company’s new office is located on Merrion Square in Dublin.
