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Commerz Real acquires 'One Sevilla'
9 April 2026 | Asset Acquisition | Spain | 249 beds | Operational
Commerz Real has acquired the One Sevilla student housing scheme in Seville.
Seville represents one of the more structurally undersupplied PBSA markets in Spain, with strong long-term growth potential. The current net provision rate (bed-to-student ratio) is estimated at 16%.
This compares to higher provision levels in Málaga (23%), Madrid and Zaragoza (both 21%), and Bilbao (20%), while remaining above levels observed in Barcelona (12%) and Valencia (7%).
Key details
Asset type | Operational asset |
Location | Seville |
Capacity | 249 beds |
Seller | private individual |
Buyer | Commerz Real |
Value | undisclosed |
Fund | Commerz Real Institutional Smart Living Europe Fund |
One Sevilla
Source: One Sevilla
The complex is located in the south on Calle Páez de Rivera, in the immediate vicinity of the Reina Mercedes Campus of the University of Seville.
The asset was completed in 2021 and features 249 beds in single and double rooms, each with its own bathroom and kitchenette. In addition, the residents have access to learning rooms, a fitness area as well as recreation and leisure areas. There is also a cafeteria and outdoor areas with a terrace and pool.
The occupancy rate during the semesters is currently reported around 94%.
Strategic context
The acquisition forms part of a broader fund optimisation strategy, which also included the acquisition of the Swuite Dublin student residential complex (purchased from the Iveragh Group for €22.35 million in November 2025), alongside the disposal of the Pallars student housing asset in Barcelona (sold to Ardian and Rockfield in January 2026).
Commerz Real was advised on the transaction by Savills.
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