Neinor to Invest €550 Million to Acquire Land for New Developments

3 July 2019 – Richard D. K. Turner

Neinor Homes intends to invest 550 million euros to acquire new land for development in the years to 2022. That land should be enough to build up to 13,000 more homes. The company expects to invest one hundred million euros this year and next; €150 million in 2021 and €250 million in 2022.

Having downgraded its forecast for deliveries, Neinor stated that it will deliver between 1,200 and 1,700 units this year; 1,700 to 2,400 homes in 2020 and up to 2,750 in the two following years. The developer currently has sixty projects, with 5,00 homes, under development in such areas as Madrid, Catalonia, the Basque Country and Valencia.

Original Story: EjePrime