Iberian Property’s Post

AEDAS Homes buys land for €129M to build 2,800 homes, a portfolio comprising nearly 50% free residential, 20% VPO and 30% tertiary and under development. In all cases, around 90% is located #Madrid. Although the final closing of the transaction is expected to take place in the coming weeks, Habitat Inmobiliaria's board approved the divestment yesterday and AEDAS has already produced an official statement to the National Securities Market Commission (CNMV). This transaction marks the first sale carried out by Habitat since NEINOR HOMES took the reins. After this new purchase, AEDAS's total #land bank in #Spain, including owned assets (71%), co-investments (9%) and developments managed for third parties (19%), guarantees it a workload to develop 24,000 homes. 📖➡️ Read the full news here: https://lnkd.in/dUM3q66U

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics