Neinor Homes has sold Sky Homes to Savills IM for c.€66 million. In this transaction, Savills Capital Markets Living Team acted as an advisor to the seller. Furthermore, as part of the agreement, Neinor will continue to manage the asset through its asset management subsidiary, Renta Garantizada. The indirect sale of the two properties located in Valencia has a total of 209 apartments and 4 retail units. This development is part of a bigger scheme where Neinor has successfully sold more than 200 units in its core build-to-sell business.
Completed in November 2022, the two properties are part of the four residential towers that make up Sky Homes, a highly sustainable and modern standing residential asset located in the Malilla neighbourhood of Valencia. The development offers comprehensive amenities, including a swimming pool, coworking space and playgrounds. The site is adjacent to La Fe Hospital, the largest and most reputable hospital in the Valencia region, and within close proximity to a large shopping/entertainment centre, university, socio-cultural centre and two private health centres.
Source: Europe-re.com on the 21rst of June 2023
https://europe-re.com/savills-im-buys-sky-homes-in-valencia-for-66m-es/71807