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Catella Buys More Than 200 Build to Rent Homes in Valencia

The German manager has signed a build to rent agreement with the property developer AQ Acentor to acquire 281 units for 66 million euros.

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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.

Read the full article in Spanish.

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