UK developer acquires Independent House for student accommodation in €8m deal

before the department store was taken over by the banks in 2010. The 1920s building had been acquired by the ill-fated scheme’s promoters from Independent Newspapers’ then-owner, INM on a site of 0.29 hectares . The plan by Summix Capital to restore and convert the property into student accommodation is an ambitious one given its status as a protected structure.

However, the board’s inspector determined that Primark had not demonstrated these were issues that could not be overcome in the development process and the land should be included on “The next chapter for Independent House will seek to bring modern, purpose-built student accommodation into the heart of the city and to an area already seeing significant change and regeneration.

Source: Education Headlines (educationheadlines.net)

Independent-News-Media Middle-Abbey-Street Dublin-1 Summix-Capital Savills Purpose-Built-Student-Accommodation Student-Accommodation Penneys Primark

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