Summary:
- DWS Group has acquired Palm Studios, a 544-bed student residence in Seville, from LaSalle Investment Management, marking its first investment in Spain’s purpose-built student accommodation (PBSA) sector through an institutional real estate fund.
- Palm Studios, opened three years ago near the University of Seville, features high-quality amenities including Breeam Excellent certification, private kitchens, coworking spaces, and leisure facilities, serving a market with over 22,700 students and limited specialist housing.
- DWS views Spain’s living segment as a strategic growth area, managing a €1.9 billion portfolio across Spain and Portugal, with plans to expand in PBSA, senior living, flex living, and build-to-rent, focusing on markets with structural supply shortages.
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