Savills IM acquires 2 Spanish BTR properties for European living platform

Savills Investment Management has completed the acquisition of two newly built residential properties in Valencia for its European Living Platform, for €66 million ($72 million).

The seller of the properties, Neinor Homes, a Spanish developer of residential assets for BTS and BTR, with more than 30 years of experience in developing quality, sustainable assets across the country.

The two properties in Valencia comprise 209 residential units over 20 floors. The first tower has a total lettable area of 11,987 square meters (129,027 square feet) with a total of 100 apartments. The second has 14,574 square meters (156,873 square feet) of total lettable area distributed across a total of 109 apartments. Each tower also has 673 square meters (7,244 square feet) of retail on the ground floor.

Completed in November 2022, the two properties are part of the four residential towers that make up SkyHomes, a highly sustainable and modern standing residential asset located i