An ace €25m scheme

A €25 million development of student apartments is aimed at people with a high net worth - and, appropriately, it is being built in the back of the Tennis Village complex in Cork where a €5 million ‘front-of-house’ upgrade is also planned.

The scheme, aimed at the Section 50 market, will best serve those with existing high rental incomes, as they are among the largest and possibly the most expensive student apartments to be built yet.

When the ten year tax break is up, the large units could offer family sized apartments to the open market, the developers intend.