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Neinor Homes completed the acquisition of 400 homes for rent portfolio from Hadley Investment for $68m.

Synopsis

Neinor Homes, a developer of real estate properties, completed the acquisition of 400 homes for rent portfolio from Hadley Investment, a Spain-based company active in real estate industry, for $68m. "We hope that this acquisition and the handover of Hacienda Homes during this first half of the year will provide investors with a clear vision of the strength of the Spanish rental market. This purchase also allows us to enhance the current portfolio of 1,200 units. under development, as it provides great visibility on the future profitability that we will achieve with these assets," Borja García-Egotxeaga, Neinor Homes CEO.

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