A partnership comprising Amro Partners, IP Investment Management (‘IPIM’) and Heed Capital (‘Heed’) has secured planning approval for Amro Valencia Puerto, Amro’s second PBSA asset in the city and IPIM & Heed’s maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with construction now commencing on site.
The €29M GDV project will deliver 221 new student beds on a c.2,000 square metre site just outside the newly regenerated Avenida del Puerto, a major avenue within walking distance of European University of Valencia, University of Valencia, University Polytechnic of Valencia, University Catholic of Valencia and International University of Valencia.
In line with Amro’s Net Zero 2025 strategy, Amro Valencia Puerto will meet the same market leading ESG standards set by all its Spanish projects including BREEAM ‘Outstanding’, WiredScore Platinum and Fitwel 3*. In addition to studios, twodios and cluster apartments, extensive shared facilities are designed with a deep focus on meeting residents’ health and wellbeing needs, including a rooftop terrace, gym, communal canteen, dedicated study rooms, green outdoor spaces and private parking. The project will be managed and operated by Amro Estudiantes upon completion in early 2026.
Source: press release sent 16 April 2024