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Natural Capital Platform

Multifamily |
Valencia, Spain

Skyhomes Valencia is a high-quality landmark residential tower in Spain’s third largest city with Valencia displaying strong demographic fundmentals. Residents have access to a swimming pool, coworking space and playground.

Facts & Figures

Living

Core

Under management

EPC A rating

26,000 sqm

lettable area

209

homes

20

floors

Excellent

BREEAM In-use certification target

Currently BREEAM In-Use Good

About the asset

  • Completed in November 2022, four residential towers make up Skyhomes, a highly sustainable and modern standing residential asset located in the Malilla neighbourhood of Valencia.
  • The two towers acquired by Savills IM comprise a total of 209 residential units over 20 floors with 673 sqm of retail space let to a national gym operator on the ground floor of each tower.
  • The towers hold an EPC A Rating, which is particularly of note considering Spain has one of the most restrictive EPC rating systems for multifamily housing in Europe.
  • The towers also provide aerothermal heat pumps in each unit, with electric vehicle chargers installed alongside bicycle racks in the underground parking garage.
  • Recognising the potential impact of rising temperatures in the area, the Savills IM investment team collaborated closely with ecologists and sustainable development consultants to conduct a comprehensive ecological assessment during due diligence. The asset is now set to showcase the integration of green infrastructure – including a green wall – to mitigate heat stress and enhance the climate resilience of residential buildings.

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