The German manager Catella Asset Management has closed the acquisition of 281 build-to-rent homes in Valencia from AQ Acentor for 66 million euros. The agreement includes two residential complexes in the AQ Turianova complex.
The development constructed by AQ comprises 1,230 units spanning 380,000 square meters in total: 20% will be assigned to build to rent; 40% to protected housing; and 40% to private sale. The new neighbourhood will include a shopping centre and extensive sports areas and will involve a total investment of 700 million euros.
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