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Urbania Sells a Hotel in Valencia to Greystar, AXA & CBRE GI

The sale of the hotel, which has 440 rooms, forms part of an agreement that the companies signed in November to sell four assets for 145 million euros.

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Urbania International, a company specialising in the development, investment and management of real estate projects, has completed the construction of a new hotel in the municipality of Alboraya (Valencia). The asset forms part of the sale and purchase agreement reached by Urbania and Invesco with Greystar, AXA and CBRE GI at the end of 2020.

Specifically, last November, Urbania and Invesco reached an agreement with a joint venture created by Greystar, AXA and CBRE GI regarding the sale of four properties located in Madrid, Valencia and Málaga, for a total of 145 million euros. When the deal was signed, the companies delivered a hall of residence for students located on Paseo de la Habana in Madrid and the purchase details of the other three assets were agreed.

Read the full article in Spanish.

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