Commerz Real has purchased the student residential complex “One Sevilla” in the capital of the Spanish province of Andalusia for its Commerz Real Institutional Smart Living Europe Fund. The seller is a private individual who does not wish to be named. It was also agreed that confidentiality be maintained regarding the purchase price.
“One Sevilla” was completed in 2021 and comprises 249 beds in single and double rooms, each of which have their own bathroom and kitchenette. In addition, the residents have access to study areas, a fitness room, as well as recreation and leisure areas. These are complemented by a cafeteria and outdoor areas with a terrace and pool. Furthermore, there is a laundry service. The occupancy rate during each semester is currently about 94 per cent.
Source: Press release sent 9th of April