Commerz Real acquires PBSA complex in Seville

Commerz Real has acquired One Sevilla, a student residential complex in Seville, Spain, for its Commerz Real Institutional Smart Living Europe Fund.

One Sevilla

The seller, an unnamed private individual, and the purchase price remain confidential.

Completed in 2021, One Sevilla offers 249 beds in single and double rooms, each equipped with a private bathroom and kitchenette. Residents also have access to various amenities, including study areas, a fitness room, recreation and leisure spaces, a cafeteria, outdoor areas with a terrace and pool, and a laundry service. The complex currently boasts an occupancy rate of approximately 94% each semester.

The One Sevilla complex is located in the southern part of the city on Calle Páez de Rivera in the immediate vicinity of the Reina Mercedes Campus of Seville University.

Kerstin Struckmann, global head of Product Management Professional Clients at Commerz Real, explained: “The purchase is part of the current optimisation of our fund portfolio. Seville is an attractive market for investments in student apartments with latent excess demand.

This optimisation previously included the purchase of the Swuite residential complex in Dublin in November 2025 and the sale of the "Pallars" complex in Barcelona in January 2026. Beyond the new properties in Dublin and Seville, the fund's portfolio also includes complexes in Vienna and Frankfurt am Main.

Commerz Real was advised on the transaction by Savills.