A Spanish real estate investment and development group backed primarily by Israeli investors has agreed to acquire the tallest skyscraper in southern Spain in a deal valued at about 500 million shekels, according to information obtained by Mamon, the economic supplement of Yedioth Ahronoth.
Argis Fund has signed one of the largest real estate transactions ever completed by Israeli investors in Europe, purchasing Torre Sevilla, a 39-story tower in the city of Seville currently controlled by CaixaBank, one of Spain’s largest banks.
The company said adding Torre Sevilla to its portfolio of managed commercial assets will expand the portfolio from 20,000 square meters to about 121,000 square meters. Completion of the transaction is expected in the first quarter of 2026, subject to the completion of the required legal procedures.
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The Torre Sevilla tower, which includes offices, hotel and retail area
(Photo: Marian Florinel)
Torre Sevilla was designed by internationally renowned architect César Pelli, who designed some of the world’s tallest skyscrapers. The tower was inaugurated in 2018 and is considered the tallest building in Seville. It includes offices, hotel space, retail areas, parking facilities and an adjacent urban park.
According to Argis, occupancy at the property exceeds 95%, with leading corporate tenants and the five-star Eurostars Torre Sevilla hotel, which has 244 rooms. The building’s first 18 floors include about 31,000 sqm of office space leased to international firms such as Orange, Deloitte, NTT Data, EY, Hays and Sandfire. The upper floors house the luxury hotel, covering about 25,000 square meters.
The complex also includes a shopping center with 26,700 sqm of gross leasable area and a total built area of 39,289 sqm, alongside an underground parking facility spanning 106,719 sqm across three levels, with 2,800 parking spaces for cars and 400 for motorcycles.
Alejandro Schuvaks, founder and CEO of Argis, said: “The Torre Sevilla transaction fully aligns with our strategy of focusing on unique, stable assets in prime urban locations. The property strengthens our office platform and represents a significant step in diversifying our asset portfolio, including a meaningful entry into the shopping center sector.”
Alejandro SchuvaksArgis Fund is a Spanish real estate investment and development group founded in 2015, specializing in capital management, real estate development and asset management. The firm operates in Spain as a local partner for international investment bodies and is active in several cities, including Madrid, Barcelona, Bilbao and Malaga.
Assets under management are estimated at 1.2 billion euros, with development activity including roughly 3,500 residential units. Since its founding, the company has invested more than 900 million euros in development and asset management and has completed more than 300,000 sqm of construction.