Neinor Homes

Neinor Homes has formed a €150m joint venture with Stoneshield Capital to develop a premium residential project in Marbella. More than 60,000 m² will yield 262 housing units, including a 1,200 m² Private Members Club with wellness and sports facilities. Stoneshield will hold 70% and Neinor 30%, with Neinor acting as delegated project developer; expected revenues exceed €600m over the next five years. The transaction is set to expand Neinor’s asset-management platform, which already manages around €1.3bn with institutional partners. » More on finanzen.net

Neinor Homes has completed the takeover of AEDAS and increased its stake to 96.83% through a mandatory offer. Previously, Neinor had already acquired 79.20% in a voluntary offer and formally took control of the board in February. For the stake increase, Neinor paid €923 million at an average price of €21.82 per share, about 30% below the appraised value at the time of the announcement. » More on de.investing.com

Neinor Homes closed fiscal year 2025 with a net profit of €122m, following the completion of the largest merger in Spain’s residential real estate sector in the past decade (acquisition of 79.2% of AEDAS). The group recorded total revenue of €697m and notarized 2,901 housing units, of which its own portfolio accounted for 1,891 units and the asset-management business for 1,010 units. Neinor says the takeover has strengthened earnings visibility, growth and dividend capacity, the balance sheet is disciplined, and inventory has been increased to 38,000 units. » More on finanzen.net

Neinor has submitted to the CNMV approval for a mandatory cash offer to acquire the remaining 20.8% of Aedas Homes, offering €24 per share. Previously Neinor acquired 79.2% via a voluntary offer at €21.335 per share. Regulatory review may take several weeks and could push the start of the mandatory offer into Q1 2026. A delisting is not planned, but if Neinor reaches 90% it could carry out a squeeze-out at €24 per share; otherwise the stock’s liquidity will be reviewed and a decision on the listing will be made. » More on de.investing.com

Castlelake has accepted Neinor's voluntary takeover offer and is offering its 79% stake in Aedas Homes at €21.335 per share. Independent board members reject the original offer, criticizing that it does not adequately reflect the fundamentals; they warn of dividend suspension and possible delisting through a squeeze‑out. Neinor plans a subsequent mandatory offer of €24 per share for minority shareholders, which must be approved by the CNMV and increases the transaction value to around €945m. » More on de.investing.com