AEDAS Homes and King Street to create a joint venture in a €270m deal.

AEDAS Homes, a homebuilder in Spain, and King Street Capital Management, a private equity firm, agreed to create a joint venture to develop new-build residential projects, in a €270m deal. “This agreement advances our strategy of developing projects leveraging on third-party capital, which we have been doing for years. Over the past three years, AEDAS Homes has delivered over 1k homes through projects with family offices and institutional investors and is currently developing another 3,600 units for third parties. Mr. Martinez said that this agreement “will allow the company to diversify its sources of capital, further scale its activity, and continue generating value for shareholders," David Martínez, AEDAS Homes CEO.