Neinor Wants To Sell 1,000 Homes In Andalucía

21 July 2015 – El País

The residential property developer Neinor Homes has announced its new real estate project for Andalucia, where in addition to continuing to market CajaSur Inmobiliaria’s portfolio, it also expects to sell 1,000 homes and reach a cumulative investment of €200 million by purchasing buildable land. The real estate company has opened a new office in Córdoba, from where it will coordinate its expansion across the autonomous region.

Neinor Homes, which was launched in May of this year, is committed to marketing residential assets from both Kutxabank, as well as from its subsidiary CajaSur, throughout Spain over the next seven years. It also owns a stock of land for the new development of more than 5,000 homes and its business plan for 2015 includes a domestic investment of around €1,000 million to purchase land.

For the time being, Neinor’s own residential portfolio of finished products, which the firm has started to market in Andalucía, contains approximately 500 homes, including properties in developments such as Benalmádena Golf, the second phase of Residencial Duquesa de Manilva and Valle Romano.

Original story: El País

Translation: Carmel Drake