Bank of Ireland has extended a refinancing facility supporting a portfolio of purpose-built student accommodation (PBSA) operated by Round Hill Capital and its joint venture partner in Ireland.
The bank first advanced a new investment facility in January 2024 to refinance the partners' Irish PBSA portfolio. The 2026 extension builds on that facility and on development and investment finance Bank of Ireland has provided for the group's student housing schemes since 2020.
Portfolio scale
The financing supports more than 1,300 energy-efficient student beds across four modern schemes in key Irish university cities. Assets include the Ardee Point PBSA development in Dublin's historic Liberties district.
Bank of Ireland view
We are delighted to demonstrate our support for the purpose-built student accommodation sector, an important part of housing supply in Ireland across all tenures and types. This transaction shows that Ireland continues to be an attractive location for high quality long term capital from investors like Roundhill Capital to deliver growth in housing, which is a key priority for Bank of Ireland.
Brian Gaffney, Director, Property Finance Group, Bank of Ireland Corporate and Commercial
Round Hill Capital view
Round Hill Capital and its JV partner are pleased to have secured a facility extension with Bank of Ireland, reflecting the strength of our long standing relationship. Our Irish purpose built student accommodation portfolio is located across key university cities and has demonstrated strong operational performance to date. Supported by favourable demographic trends and continued demand for high quality student housing in Ireland, we think this market will continue to be attractive in coming years.
Niamh Harrington, Senior Vice President, Round Hill Capital Ireland
PBSA News reported the facility extension in June 2026.