Press Release Residential complex in Barcelona sold
21.01.2026 • 3 Reading Time
Commerz Real has sold the “Pallars” residential complex in Barcelona from its “Commerz Real Institutional Smart Living Europe Fund” portfolio. The buyer of the complex, which had been acquired in 2021, is a fund belonging to the international real estate investors Ardian and Rock-field. It was agreed that confidentiality be maintained regarding the purchase price.
Demand remains extremely high, particularly in the micro-living segment. We have utilised this opportunity firstly to ensure a very good result for our investors, and secondly to gain leeway for further investments as part of our active portfolio management.
The open-ended special AIF (alternative investment fund) “Commerz Real Institutional Smart Living Europe Fund” invests in student and micro-apartment complexes in European metropolis-es and university cities and towns on behalf of professional and semi-professional investors. Commerz Real had only recently acquired a student residential complex in Dublin for the Smart Living Europe Fund.
Originally acquired using a forward funding format and completed in November 2022, “Pallars” encompasses 673 single and double rooms on a total leasable area of 26,086 square metres distributed across a four-storey block and four eight-storey apartment towers. In addition, there are 34 car parking spaces, 211 motorcycle stands and 105 bicycle stands in the integrated un-derground car park. The residential complex is located at Carrer de Pallars 433-453 in the “22@” quarter, a former industrial site in the Sant Martí district, which since 2000 has been transformed and upgraded into a leading innovation and technology centre.
Commerz Real was advised on the transaction by Savills.
Originally acquired using a forward funding format and completed in November 2022, “Pallars” encompasses 673 single and double rooms on a total leasable area of 26,086 square metres distributed across a four-storey block and four eight-storey apartment towers. In addition, there are 34 car parking spaces, 211 motorcycle stands and 105 bicycle stands in the integrated un-derground car park. The residential complex is located at Carrer de Pallars 433-453 in the “22@” quarter, a former industrial site in the Sant Martí district, which since 2000 has been transformed and upgraded into a leading innovation and technology centre.
Commerz Real was advised on the transaction by Savills.
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