Aviva partners Via Agora for a BTR resi scheme in Madrid
Via Agora will act as both developer and contractor for the scheme.
Aviva Investors purchased a 234-unit residential development in Spain from developer Via Agora, as it continues to grow its Spanish build-to-rent (BTR) platform in partnership with Layetana Living (Layetana).
As part of the agreement, Via Agora will act as both developer and contractor for the scheme, making use of its expertise in sustainable construction and in-house supply chain to manufacture prefabricated façade panels for the development at its factory in nearby Cuenca.
Located in the Valdebebas area of Madrid, a prime multifamily area on the eastern edge of the city, the scheme will provide 234 units of high-quality mid-market housing, via a mix of one-, two- and three-bedroom apartments spread across ten storeys and two basement levels.
Overlooking 3,400,000m2 of parkland and views of the Madrid skyline, the scheme focuses on sustainability, including an all-electric design targeting BREEAM ‘Excellent’. All homes will feature a balcony or terrace, whilst the development will also provide residents with over 450m2 of amenity space including a gym, co-working areas, residents’ lounge and dining facilities.
Externally the complex will feature a communal pool area, padel courts and a roof terrace. It is expected to be completed by mid-2025.