Commerz Real sold the “Pallars” residential complex acquired in Barcelona in 2021 from its “Commerz Real Institutional Smart Living Europe Fund” portfolio. The buyer is a fund of international real estate investors Ardian and Rockfield. Non-disclosure was agreed on the purchase price.
News ReleasesSale of the residential complex in Barcelona
Time to read3 min.
updated at01/21/2026
CategoryNews Releases
Demand remains very high, especially in the Micro Living segment. We used this to achieve a very good result for our investors and, secondly, to gain scope for further investments in the sense of active portfolio management.
Kerstin Struckmann
Global Head of Product Management Institutional Clients
The open-ended special AIF (alternative investment fund) “Commerz Real Institutional Smart Living Europe Fund” invests for professional and semi-professional investors in student and micro-apartment facilities in European metropolises and university cities. Commerz Real recently acquired a student housing complex in Dublin for the Smart Living Europe Fund.
Once acquired as Forward Funding and completed in November 2022, “Pallars” comprises 673 single and double rooms on 26,086 square metres of total rental space, spanning a four-storey building bar and four eight-storey residential towers. In addition, there are 34 car, 211 motorcycle and 105 bicycle parking spaces in the integrated underground car park. The residential complex is located in Carrer de Pallars 433 - 453 in the “22 @” district, a former industrial area in the Sant Martí district, which has been redesigned and upgraded into a leading innovation and technology centre since 2000.
Commerz Real was advised on the Savills transaction.
About Commerz Real
Commerz Real AG is the asset manager of Commerzbank Group and has 54 years of international market experience. The company combines comprehensive asset management expertise with broad structuring capabilities, developing tangible asset-oriented fund products and individual investment solutions in the areas of real estate and infrastructure. As the leasing service provider of Commerzbank, Commerz Leasing also offers tailored leasing concepts.
Since 2025, the asset management subsidiaries of Commerzbank Group have been bundled under Commerz Real AG. In addition to the Commerz Real brands and products, these include Aquila Capital, with a focus on real asset investments in the energy infrastructure sector, as well as Yellowfin Asset Management, a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of approximately 1,000 employees at around 20 locations manage assets of more than 55 billion billion.
Media contact
Commerz Real and real estate
Gerd Johannsen
+49 151 11761717gerd.johannsen@commerzreal.com