Swedish student accommodation provider Prime Living looks set to make a significant return on its investment in a 1.8 acre site at the junction of Blackthorn Road and Carmanhall Road in Sandyford, south Dublin. Efforts by The Irish Times to contact Prime Living Ireland director Paul McGlinchey for comment on the matter proved unsuccessful. The Sandyford property was Prime Living’s second investment in Ireland, with joint venture partner, Cara Cove Holding, a company linked to Sweden-based Ian McGlinchey, who owns a chain of Irish pubs abroad. Prime Living holds a 70 per cent share in the venture and Cara Cove the remaining 30 per cent. Their first deal together involved the purchase of a 0.33-hectare (0.82 acre) development site in Letterkenny, Co Donegal, where they have plans to build about 136 bed spaces.

Source: The Irish Times October 16, 2019 04:52 UTC