One of the world's largest co-living providers intends to bring more than 5,000 new beds to Dublin over the next five years.
Berlin-based Medici Living Group, which operates under the Quarters brand, has received the backing of Luxembourg-based Corestate Capital to build a massive portfolio around Europe.
A spokesman for the company said it will open "much more than five" buildings in the coming years. It follows on from the Republic's housing minister Eoghan Murphy's amended guidelines allowing for co-living.
"As Ireland is a growing, dynamic, forward-looking and innovative country with a tech hub (Dublin) and at the centre of Europe, we can see that our members and future members would be very interested in living there," the spokesman added.
Medici is looking to open co-living buildings in Dublin's Rathmines, College Green, Ballsbridge, the Liberties, North Wall, Portobello, and the Docklands.