CBRE Investment Management acquires 147‑unit residential asset in Valencia

CBRE Investment Management has acquired a stabilised residential asset in Quart de Poblet, Valencia, on behalf of a fund sponsored by the firm. 

Quart de Poplet, Valencia

The transaction adds to the fund’s expanding European residential portfolio, following a recent acquisition in Copenhagen, and supports its strategy of scaling affordable, high‑quality rental housing for middle‑income households.

The asset comprises 147 apartments across two buildings, totalling approximately 16,966 sq m of residential space, alongside ancillary retail, parking and storage. Completed in 2022, the scheme is fully leased and offers a balanced mix of one to four room units built to modern construction standards, supporting long‑term occupancy and income resilience.

Located in Quart de Poblet, the property is directly connected to Valencia city centre via metro links with journey times under 20 minutes, and provides access to key employment hubs and the airport.

Hilke Nijmeijer, Senior Portfolio Manager at CBRE Investment Management, said: “This acquisition reflects our continued focus on securing affordable, high‑quality residential assets that offer resilient, income‑driven returns. The asset benefits from a strong occupancy profile and inflation‑linked cash flows, and we believe it is well positioned to deliver attractive risk‑adjusted performance over the long term.”

Antonio Roncero, Head of Transactions, Iberia at CBRE Investment Management, added: “Spain’s residential sector continues to demonstrate compelling fundamentals, particularly in cities such as Valencia where population growth and urbanisation are driving sustained rental demand while new supply remains constrained.”

Kevin Reid, Global Chief Operating Officer and Head of Europe for Corebridge Real Estate Investors, said: “The strong institutional interest in this asset underscores the appeal of well‑located, high‑quality residential developments across Europe.”

CBRE IM was advised by CMS, Elix, PwC and Garrigues. Corebridge Real Estate Investors was advised by Hogan Lovells, Savills and EY.