US private-equity firm Harrison Street Real Estate Capital has acquired its first property in Europe, the Mill Street building targeting students at Trinity College Dublin and the Royal College of Surgeons.
Harrison Street is the largest private-equity investor in student housing in the US, and has $7.7bn in assets under management.
The company’s chief executive, Christopher Merrill, said the UK and Europe lagged behind in the student housing asset class. The first round of the firm’s European Student Housing Opportunity Fund closed in summer having raised €135m.
