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Colliers advises to AQ Acentor on the sale of a BTR in Valencia for €66 Million

  • Specifically, an agreement was reached for the Alfambra development, comprising two buildings with 281 homes, within the AQ Turianova project developed in the city of Valencia.

  • Alfambra is the second development that AQ Acentor has sold to Catella, following the deal closed in Villaverde (Madrid) in 2019.

  • Colliers and Uría Menéndez acted as AQ Acentor’s consultants throughout the operation.


A purchase agreement was signed between AQ Acentor, a real estate developer specialised in developing projects in metropolitan areas, and Catella AM, for the Alfambra development in AQ Turianova for €66 million.


The development comprises two buildings and has 281 one- to four-bedroom rental units and has already been granted a First Occupancy License (LPO). AQ Acentor will be responsible for bringing the homes to market, which come with a parking space and storage room, as well as communal areas with gardens, paddle tennis courts and swimming pool. Alfambra is the first of six developments that the developer is building within AQ Turianova. Due to its size and qualities, it is the first and primary BTR development to be handed over in the city of Valencia.


AQ Acentor is developing 1,200 of the 2,300 homes that will comprise the new neighbourhood in the City of Turia. With an area of roughly 380,000 m2, it will be located in the area surrounding La Nueva Fe Hospital and will also include a large urban park and Infinity by AQ Acentor - Spain’s largest retail project under development - as well as other services. The neighbourhood’s urban development works are more or less completed.  Specifically, the company will oversee six developments that will include subsidised housing as well as properties for rent and for sale. Grupo Bertolín oversees the building of AQ Turianova properties and urban development projects.


The new neighbourhood will have a new infrastructure network, aimed at guaranteeing the quality of life of the residents, which will include a 3-km bike lane and improved connections with the rest of the city through the new Malilla bridge, as well as the creation of a new access from the V-30. It will also incorporate more than 65,000 m2 of green areas distributed in such a way as to intersperse and serve all residential areas, as well as the installation of nearly 40,000 m2 of areas with educational-cultural, recreational, sports and leisure facilities.


Raúl Moreno, Head of Development at AQ Acentor, stated: “AQ Turianova is one of AQ Acentor's most ambitious projects to date. In terms of the number of properties as well as Infinity and urban development alike. It is an example of urban regeneration in which we are committed to improving a capital city such as Valencia. The agreement we signed today with a benchmark fund such as Catella, as well as the positive progress of the other homes we currently have on the market, backs up our commitment to this project”.


Ana Cebollada, Manager at AQ Acentor and Head of the AQ Turianova project, highlighted: “This operation is a milestone in itself because it breaks with the market dynamics characterised by transactions in the off-plan phase, in which the transfer of an already developed asset is not the norm. Furthermore, with the LPO, the first neighbours will start setting up home in the new neighbourhood, which is the best sign that AQ Turianova has already been brought to life”.


The consulting firm Colliers and the law firm Uría Menéndez oversaw the operation. Antonio de la Fuente, Managing Director of Corporate Finance at Colliers and consultant to the operation stated: “this transaction is the most relevant of those closed in Valencia to date, in terms of investment volume and number of homes, and places the City of Turia at the top of residential investment in Spain and up there with many other comparable European cities”.


"This operation reinforces the projection of Valencia as an institutional investment market for BtR, and specifically the commercial success of the Turianova project promoted by AQ Acentor, which will also have an important tertiary offer: commercial, hotels and offices. Valencia needs a professionalised rental market with quality housing and little by little this objective for the city is being achieved. We will see even more transactions in the metropolitan area in the coming months. As this is a new market, Colliers' advice has been key in analysing the product and designing the sales process to convey the advantages of the local market and the project properly to investors," concludes Rafael Paz, Director of the Valencia office at Colliers.


Through this operation, AQ Acentor has already closed 10 turnkey sales agreements for residential build-to-rent projects for more than €300 million and is the second signed between Catella AM Iberia and AQ Acentor who, in 2019, agreed on the purchase and sale of a 171-unit residential building for rent located in Villaverde (Madrid).



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Antonio de la Fuente

Managing Director


Antonio is a Managing Director in Corporate Finance departmen at Colliers International Spain. He joined Irea Corporate Finance in 2007, and in March  2018 he joined Colliers International after the acquisition of Irea by Colliers International.

He is specialized  in advising on M&A transactions, on both the buy and sell sides, the sale of debt portfolios and debt restructurings.

Antonio is the responsable & director of an alternative financing fund, with an investment volume of € 200 million for the acquisition of land for residential use.

He has recently participated in the sale of several real estate companies, debt and REO portfolios to institutional investors, valued at over €4,000 million, created numerous JVs between real estate developers and institutional investors and restructured debt across the real estate secto.

 He began his career at Deloitte Corporate Finance, where he was involved in a number of real estate M&A deals.

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Rafael Paz

Director | Valencia Office


Rafael has more than 18 years experience in real estate and 12 in the Spanish market. Starting in Colliers International he has developed his career in top market players  such as CBRE and BNP Paribas Real Estate.

He is Director of the Valencia office in Spain, oversees and develops the company’s business in the Valencian Community. Has wide experience in investment transactions, sale & leasebacks, retail, office and logistics letting and sales, consultancy and valuation for international and local clients.


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Alejandra Folgado

Marketing & Comms. Director Spain & Portugal


As Marketing and Communications Director Alejandra is responsible for building a marketing and Comm. strategy that grows brand awareness; drives lead generation and works across business lines to support Colliers International in Spain  achieve its growth and customer acquisition goals.

She began her career at Atlas Capital Close Brothers in 2001 and joined to irea in 2006, where she was Knowledge & Organization Manager for almost 4 years. After a 5 years  of professional and personal experience in Italy, she returns to irea as Marketing & Communications Manager.

From January 2015 she has been Head of Marketing and Communications at irea until March 2018, when the spanish firm integrates in Colliers International.

Alejandra studied at Carlos III University (Madrid)  where she has a bachelor degree in Information Sciences. She holds an International Marketing and Communications Master from Polimoda Business School (Italy).

She has worked in Marketing and PR across various industries including Financing, Real Estate, Fashion and Hospitality. Alejandra  also has experience in managing and coordinating  events including conference, congress and trade fairs.

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