NL - Commerz Real AG has acquired a student residential complex “Pallars” in Barcelona
The residential complex is currently under construction for its Commerz Real Institutional Smart Living Europe Fund. The Seller was a joint venture between Henderson Park and Hines.
CVO supported the Fund during the pre-acquisition phase, and CVO will monitor the Fund's completion of the development works.
The residential complex is located the “22@” district (a leading innovation and technology centre in Barcelona), and its practical completion is scheduled for Q3 in 2022.
Besides by CVO, Commerz Real AG was advised by Cuatrecasas and Savills.