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DWS enters Spanish student housing with 544‑bed Seville acquisition
6 October 2026 | Asset acquisition | Spain | 544 beds | Operational
Palm Studios adds an operating student residence to the European Residential Growth Fund.
Key details
Asset type | Operational |
Location | Seville, Spain |
Capacity | 544 beds |
Seller | LaSalle Investment Management |
Buyer | DWS / European Residential Growth Fund |
Value | Undisclosed |
The residence is a short walk from the University of Seville's Reina Mercedes campus. It has been operating for approximately three years and includes 111 parking spaces. Palm Studios holds BREEAM Excellent certification.
The purchase is the European Residential Growth fund's sixth investment and its first in purpose‑built student accommodation.
Strategic context
The transaction diversifies the European Residential Growth fund beyond conventional rental housing and gives DWS direct exposure to a university market with limited modern student accommodation. An established property provides operating income rather than construction exposure.
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