Insights > Deals
Commerz Real acquires 142‑bed Stoneybatter Place in Dublin
24 August 2026 | Asset Acquisition | Ireland | 142 beds | Operational
The purchase adds a second Dublin asset to the Institutional Smart Living Europe Fund and retains Mezzino as operator.
Key details
Asset type | Operational |
Location | Dublin, Ireland |
Capacity | 142 beds |
Seller | Harrison Street Asset Management |
Buyer | Commerz Real (Institutional Smart Living Europe Fund) |
Value | Undisclosed |
Adviser | Savills Ireland |
Source: Commerz Real
Stoneybatter Place is a 142‑bed PBSA property on Manor Street in Dublin's Stoneybatter district, within walking distance of Technological University Dublin's Grangegorman campus. Completed in 2023, the property provides furnished accommodation alongside study and lounge areas, a gym and rooftop terraces.
The asset is virtually fully occupied and will continue to be operated by Mezzino, which also manages the fund's Grangegorman House property in the city.
Savills Ireland represented Harrison Street Asset Management in the transaction.
Strategic context
The acquisition gives Commerz Real's Institutional Smart Living Europe Fund a second Dublin asset and builds operating scale around a common manager.
It also takes the fund to five properties across Dublin, Frankfurt, Seville and Vienna, reinforcing its strategy of investing in student accommodation and micro‑apartments in European university cities.
Retaining Mezzino supports operational continuity, while the property's near‑full occupancy provides immediate income exposure to Dublin's constrained student housing market.
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