Aedas houses completed the purchase of Inmobiliaria Espacio, the developer of the Villar Mir family

2024-08-14 17:39:53

Aedas housesNorth America’s most publicly traded real estate company Castlelake, closed and formalized this Wednesday the purchase of Inmobiliaria EspacioThe developer until now owned by the Villar Mir family, three years after its last corporate activity, the acquisition of Áurea Homes from the construction house ACR.

The amount received is around 50 million eurosas progress Five days. This is a modest amount, given the high debt of the developer, which is in a vulnerable position because, in recent years, it has had to resort to other financing at higher rates than traditional bank financing to do your projects.

As explained by Aedas in a statement, this property remains adds “a broad portfolio of completed lands and represents a major boost to promote the development of affordable housing”. “We confirm our good position to take advantage of the current growth offered by the new building company. This investment strengthens our capacity and our product supply in good conditions and provides a lot of value for shareholders come,” said the company’s CEO. developer, David Martínez.

Land for 800 houses in 8 areas

The industrial operation carried out by Aedas Homes means, in practice, getting a bag of land faster than doing it selectively. Overall, it’s Inmobiliaria Espacio The last lands to develop 800 houses in the regions of Madrid, Alicante, Valencia, Valladolid, Mallorca, Almería, Murcia and Malagawhich will be included in the business portfolio of the Company’s regional leaders, Levante and Balearic Islands, Costa del Sol and Andalusia and the Canary Islands of the advertiser.

In addition, the work also includes a construction project of a cohabitation of more than 500 rooms in Valdebebas (Madrid), which is in addition to the land already acquired by the developer in Valencia for the same purpose, and six promotion management contracts for investment partners, which will be completed by the division of its operations, such as those of Aedas of already developed for money like King Street.

Finally, as stated by the buyer in the statement, the transaction includes “the the coordination of a group of people with extensive local experience and integration into the business of a real estate brand known with more than half a century of history and extensive experience in the promotion of housing throughout the country.

Neinor houses contract access to Habitat Inmobiliaria

Another major developer, Neinor Homes, is also in negotiations to close a large corporate project, albeit a different one from Aedas Homes. Neinor is negotiating the purchase of 10% of Habitat Inmobiliaria, managed by Bain Capital, and assumes all control of its assets. The promoter owned by Orion, Stoneshield and Adar Capital seeks to expand its business by developing promotions for third parties, receiving commissions for this and increasing its income statement without having to do the same with its balance sheet, improving profitability soak.