One of the most prominent deals in recent years has closed in Seville: asset management firm Argis has agreed to acquire the Torre Sevilla skyscraper and the adjoining shopping center from Caixabank. The transaction is estimated at between 135 and 140 million euros. Legal formalities are expected to be finalized in the first quarter of 2026, after which Argis will officially become the owner of the complex. Caixabank will keep the CaixaForum cultural center, which will remain under the management of the La Caixa Foundation.
The skyscraper itself, also known as Torre Pelli (named after architect César Pelli), has long been a symbol of modern Seville. The building stands 185 meters tall, rises 39 stories, and is the tallest structure in the city. The deal was the subject of fierce competition: Fundación Cajasol and businessman Tomás Olivo were among the contenders, but it was Argis that managed to secure an agreement with the Catalan bank to purchase the entire complex, which includes office space, a five-star hotel, a major shopping center, and an underground parking garage.
A New Player
For Argis, this acquisition is more than just another investment. The company, which manages assets worth over 1.3 billion euros in Spain, emphasizes that acquiring such an ’emblematic and already stabilized’ property is fully aligned with its strategy. With this deal, Argis adds another unique asset to its portfolio and significantly strengthens its presence in Andalusia, where it already owns property in Málaga.
For legal and financial matters, Argis relied on the expertise of Tornos Abogados and Ugarte Rebollo y Asociados, while Caixabank was advised by specialists from Cuatrecasas. However, both parties prefer not to disclose the details of the negotiations, offering only brief comments about the strategic importance of the deal.
Architecture and Features
Torre Sevilla opened eight years ago and has since become an integral part of the cityscape. It welcomes visitors at the southern entrance to the Isla de la Cartuja district, next to the Sevilla Tech Park. The complex quickly developed into an economic and commercial hub, housing offices, a hotel, retail spaces, and a spacious parking area.
The building covers a total area of 100,000 square meters, of which over 95% are already leased. The first 18 floors are occupied by major companies such as Ayesa, Orange, and Deloitte. The upper floors are home to the five-star Eurostars Torre Sevilla hotel, with 244 rooms over 25,000 square meters. The hotel is managed by the Hotusa group.
Shopping Center and Infrastructure
At the base of the skyscraper is a shopping center covering 26,700 square meters, while the total built area of the complex reaches 42,000 square meters. Drivers have access to a three-level underground parking garage, and the surrounding green space covers 40,000 square meters. All this makes Torre Sevilla more than just an office building—it’s a true multi-purpose center of attraction for residents and visitors alike.
The Argis deal could become a catalyst for further transformation in the area. Seville has been developing rapidly in recent years, and the arrival of such a major investor will undoubtedly bring new momentum to the real estate market. It is quite possible that this transaction will be followed by other high-profile deals—the market is clearly gaining momentum.
Market and prospects
The purchase of Torre Sevilla is not just a matter of prestige, but also a strategic move for Argis. The company focuses on properties with a high level of completion and a stable tenant base. With demand for prime office and retail space in Seville continuing to grow, such an asset looks especially attractive.
However, competition should not be overlooked: several major players also showed interest in the complex. Nevertheless, it was Argis that managed to offer terms that satisfied Caixabank. Now the market is watching the new owner closely: will the concept of the complex change, will new tenants appear, or will Argis stick to the current management approach?
In any case, the deal has already become one of the most talked-about in Spanish real estate in recent years. And it seems this is only the beginning of a new chapter in the history of Torre Sevilla.
