On April 22nd, the Grupo Avintia will start work on Residencial Montreal, a complex of 510 homes for rent located at 9-13 Músico Ayllón Street, in the district of L'Olivereta, Valencia. The project, promoted by Azora, will have a completion period of 30 months.
The project is part of the group's Build to Rent strategy and represents one of the most significant developments for its Levante office. With this project, the Grupo Avintia now has more than 1,740 homes under construction in the Valencian Community.
The complex will have a swimming pool, paddle tennis court, children's play areas, green spaces, gymnasium, multi-purpose room and coworking area. It will also have 510 bicycle parking spaces and will seek to obtain BREEAM certification at the ‘Very Good’ level, which recognises compliance with sustainability and energy efficiency standards.
In parallel to this development, the company remains committed to the industrialisation of construction. The Grupo Avintia plans to reach an annual production of 10,000 homes by 2028, based on an industrialised construction model. It currently operates a plant in Aranda de Duero with a capacity for 3,000 homes per year and is studying the opening of two new factories.
During the 2024 financial year, the group recorded revenues of 590 million euros, which represents a growth of 14% compared to the previous year. Its business portfolio amounted to 1,129 million euros, of which 797 million euros corresponded to traditional construction projects and 332 million euros to industrialised construction. Since its foray into this segment in 2018, the Grupo Avintia has developed initiatives such as the manufacture of panels for 1,763 homes under the Community of Madrid's Plan Vive, in a period of fifteen months.