Catella AM Iberia acquires residence for student-housing fund

Catella AM Iberia has completed the acquisition of a €15 million ($18 million) student-housing project in Seville, Spain, for the Catella European Student Housing Fund II (CESHF II), which is managed by Catella Residential Investment Management (CRIM).

Eduardo Guardiola, director and partner of Catella AM Iberia, commented: “Seville is one of Spain’s leading university cities with more than 75,000 students. The location and amenities offered by this new student residence make it a very attractive proposition for living and learning in the city. This is the second student housing development that we have acquired for CESHF II. As with our earlier purchase of La Campana in Pamploma, we will be asset manager on behalf of the CESHF II Fund.”

The asset is located on Calle Tramontana 1-3 at the heart of the Seville University’s Reina Mercedes campus, home to more than 12,000 students. Its location provides easy access on foot, by bicycle or by public transport to o