CBRE Investment Management Acquires Build-to-Rent Residential Asset in Valencia to Deliver Homes for Middle‑Income Households

CBRE Investment Management ("CBRE IM"), on behalf of a fund sponsored by the firm, has completed the acquisition of a stabilised residential asset in Quart de Poblet, Valencia. The seller is Corebridge Financial.

This acquisition adds to the fund's growing European residential portfolio, which includes a recently acquired scheme in Copenhagen. Together, these investments reflect the fund's continued focus on scaling a diversified portfolio of affordable¹, high-quality rental housing, aligned with its objective of delivering sustainable, professionally managed homes for middle-income households.

The asset comprises 147 apartments across two buildings, with a total residential area of approximately 16,966 sq m, alongside ancillary retail, parking and storage. Completed in 2022, the scheme is fully leased and benefits from modern construction standards, a well-balanced unit mix (1–4 room units) and strong tenant demand, supporting its long-term performance.

Positioned in Quart de Poblet, the asset is directly connected to Valencia city centre via metro, with journey times of under 20 minutes, and offers immediate access to key employment hubs and the airport. This connectivity, combined with a broad mix of apartment types in a green surrounding, supports a diverse tenant base including families, young professionals and key workers.

The asset also aligns with the fund's sustainability ambitions. Completed to modern energy efficiency standards, the building holds an EPC B rating and is expected to meet institutional sustainability benchmarks, with scope identified to further enhance performance through targeted initiatives such as photovoltaic upgrades and smart metering.

Valencia has emerged as one of Spain's most dynamic residential markets, underpinned by sustained population growth, strong rental demand and a structural undersupply of modern housing. The city is increasingly attracting institutional investment.

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 for our investors. The asset benefits from a strong occupancy profile, supporting stable, inflation-linked cash flows. Combined with Valencia's strengthening fundamentals, we believe this investment 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. At the same time, new supply remains constrained, resulting in a structural housing shortage. Assets such as this play an important role in delivering housing in locations where demand significantly exceeds supply."

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $155.2 billion in assets under management* as of March 31, 2026, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.