Eoghan Murphy’s amendment to allow for co-living has drawn a lot of attention from international developers. It has opened the door for cheaper complexes to be built in and around Dublin.
Germany’s Medici Living Group, known as one of the biggest co-living providers internationally, proposed a plan to bring more than 5,000 new beds to Dublin. Luxembourg-based, Corestate Capital, is backing Medici Living Group approximately 1 billion Euros for building co-living accommodations throughout Europe.
A statement regarding why Medici Living Group wants to expand to Ireland, states, “As Ireland is a growing, forward-looking country with a tech hub, we can see our members and future members would be interested in living there.” In addition, they are targeting easy-to-access, high standard affordable accommodation in the city center, which is hard to currently get.
Specific locations that Medici is targeting within Ireland includes; Rathmines, College Green, Ballsbridge, Liberties, North Wall, Portobello, and the Docklands.
A spokesperson for Medici Living Group stated, “As Ireland is a growing, dynamic, forward-looking and innovative country with a tech hub (Dublin) and at the centre of Europe, …