A digital mock-up of how the facility will look when completed Source: GSA Accommodation

THE GO-AHEAD has been given for new student accommodation in Dublin.

The 400-bed facility will be built on Mill Street in the Newmarket area in the south of the city.

The facility will be operated by the Global Student Accommodation (GSA) Group and will have the name ‘Uninest’ once completed.

When will it open?

While the new accommodation will provide extra beds in an under-supplied market, it is not expected to open until September 2017.

However, it is estimated that the construction and refurbishment phase of the project will create around 150 new jobs, with the main construction contracts being given to locally-based contractors.

When open, it will have shops, a restaurant and a commercial space for local businesses.

Once built 15 full-time positions will be created.

The building will be between five and seven storeys high and has this week been given planning permission by An Bord Pleanala.

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Who is responsible for this?

The site will be developed by the GSA Group, which has its headquarters in Dubai, in conjunction with the Creedon Group, a property investment and management company based in Dublin.

The GSA group’s European chief executive, Tim Mitchell, said last October that the company was planning on investing as much as €250 million in Dublin over the next few years.

Work on the site will also focus on the refurbishment of No. 10 Mill Street, a run-down townhouse that is one of the oldest buildings in Dublin.