Cuatrecasas advises Commerz Real on the financing with ING of a student housing project in Barcelona
Cuatrecasas advised Commerz Real
, asset manager of German Commerzbank, on the financing of a student housing project based in Barcelona, located in Pallars 433-453, in the 22@ quarter. The financing transaction was formalized with ING Bank on September 2023, for €45 million.
The Pallars Skyline residential complex comprises a total leasable area of 26,086 square meters distributed across a four-story wing and four eight-story high-rise buildings, with capacity for 743 residents, in 673 single and double rooms. This is the third investment for the Commerz Real Institutional Smart Living Europe Fund.
Cuatrecasas partners Bernat Mullerat
(Real Estate) and Manuel Follia
(Banking and Finance) have coordinated the transaction, together with Alejandro Toste, Antonio Ridao and Xavier Moreno, team associates.