Aviva Investors has grown its Spanish build-to-rent (BTR) portfolio by acquiring a residential development site in the Paterna municipality of Valencia, Spain.
The project will be managed by Propia, a dedicated real estate operating company launched in June as part of a partnership between Aviva Investors and Layetana Living, a leading Spanish residential developer.
Situated in the Los Molinos district of Paterna, the residential scheme is expected to deliver 120 units when complete, split between one- and two-bed units, and spread over 11 storeys.
Source: IPE Real Assets on 13 January 2026
https://realassets.ipe.com/news/aviva-investors-expands-spanish-build-to-rent-portfolio-into-valencia-via-propia/10134543.article