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Aedas Hires JLL to Sell Portfolio of Rental Homes

17 December 2019 – Aedas Homes announced that it would sell a 1,300-home turnkey project for rental homes. The developer is currently looking for one or more investors to carry out the operation, the largest so far in Spain.

The firm has chosen up to 10 developments throughout Spain: Barcelona, Madrid, Valencia, Seville, Alicante and Granada. According to estimates, the transaction would bring in 325 million euros to Aedas’s coffers. JLL is advising on the potential sale.

Should Aedas finalise the sale, it would be the firm’s second disposal of build-to-rent assets. Earlier this year, Aedas sold a portfolio of 500 homes to Ares Management.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner