Ely takes over UL student village

Limerick: Ely Property Group, the Dublin-based student accommodation group, has taken over the management of the 180-bed Troy Student Village serving the University of Limerick.

The move follows the complex being placed into receivership in mid-August after the collapse of Clare developer, Bellisle Properties.

Under the agreement reached with the receiver, Brian McEnery of Horwarth Bastow Charleton Accountants in Limerick, Ely Property Group will now be responsible for stabilising the income from the complex and for the ongoing management of the student village.