Catella Advises Greystar on €120M Acquisition of Spanish Student Housing Portfolio

Madrid, Nov. 27, 2025 — Catella Corporate Finance Spain advised Greystar (International) on the €120 million acquisition of three student residences from Merkel Asset Management, according to Catella. The portfolio, located in Sabadell, Pamplona, and Seville, includes more than 1,200 beds and strengthens Greystar’s presence in Spain’s purpose-built student accommodation (PBSA) sector.

Details of the Acquisition

The transaction involves three student housing properties developed by Merkel Capital. Catella stated that the acquisition reflects continued investor interest in Spain’s PBSA market, driven by high demand for student accommodation and increasing professionalisation of the sector. The deal was valued at €120 million.

Advisory Role and Market Context

Catella Corporate Finance Spain served as advisor on the transaction. Gonzalo Zulueta, Partner and Head of Living at Catella Spain, noted that the strong demand for student accommodation and the sector’s growing professionalisation continue to attract both domestic and international investors.

Outlook

Merkel Capital, the developer of the portfolio, continues to consolidate its position in the student accommodation segment. The acquisition underscores ongoing activity in Spain’s living and residential real estate markets.

Source: Catella Corporate Finance Spain