Bialto, new manager of 331 rental homes in Valencia
- The three buildings are owned by one of the funds managed by M&G Real Estate
March 17, 2025.- BIALTO has been selected by M&G as the new property manager (Property Manager+) for 331 homes in Valencia, which the M&G European Property Fund purchased from Nuveen in December 2024 for approximately €80 million.
The project is divided into three towers, with one- and two-bedroom homes, and is located on the continuation of Avenida de Francia, a stone’s throw from the Valencia Marina. Previously, it was managed by Stay, a platform formed by Kronos and Nuveen.
The buildings also have the Breeam Very Good sustainability certification and have various common areas such as a pool, gym, coworking space, and dining areas.
BIALTO is positioned as a benchmark in the residential rental sector, and a platform that vertically integrates the entire value chain, from the design, development, and management of residential rental projects. It currently manages a portfolio of 3,645 units.
BIALTO aims to remain one of the most relevant players in the Spanish residential rental market, being part of the solution that the market currently requires to try to address the lack of rental product.