Neinor Homes ( (ES:HOME) ) has issued an update.
Neinor Homes has announced the sale of shares in Europa Rental Homes PropCo and Sundowner Holding Iberia to a company managed by Round Hill, involving properties in Guadalajara and Seville. Additionally, Neinor has agreed to sell three rental buildings in Málaga, Valencia, and Alicante to Global Hesperides, linked to 1810 Capital Investments, for up to 50 million euros, with the transaction expected to complete by December 2025. Despite these sales, Neinor will continue managing the properties under existing contracts, indicating a strategic shift while maintaining operational involvement.
More about Neinor Homes
Neinor Homes is a company operating in the real estate industry, primarily focused on residential development and property management services. The company is involved in the construction, sale, and rental of homes, with a market focus on Spain.
YTD Price Performance: 0.33%
Average Trading Volume: 198,051
Technical Sentiment Signal: Buy
Current Market Cap: €1.14B
For an in-depth examination of HOME stock, go to TipRanks’ Stock Analysis page.