8 March 2018 – Eje Prime
Neinor Homes is continuing to attract attention from international investors. The Israeli fund Adar has purchased an additional 3.5% of the property developer’s share capital, according to a statement filed by the group with Spain’s National Securities and Exchange Commission (CNMV). In this way, the fund now controls 15.4% of the group.
The package acquired by Adar coincides with the percentage that the US fund Wellington sold a week ago. The Israeli fund has reaffirmed its commitment to the stock in the midst of an attack by bearish speculators, who have doubled their presence in Neinor to reach a record level of 4.5% of its share capital, according to Expansión.
The property developer’s roadmap until 2022 involves investing €1.5 billion in order to hand over 15,000 homes during that period. Neinor’s portfolio of homes in stock currently amounts to 12,472 compared to 9,025 last year.
Original story: Eje Prime
Translation: Carmel Drake