Post by account_disabled on Mar 12, 2024 4:26:18 GMT -5
The developer Neinor and AXA Investment Managers Alts have created a joint venture with the aim of launching a residential development in Madrid consisting of 250 homes, with a total investment of 110 million euros.
As reported by the real estate developer to the National Securities Market Commission (CNMV), the company will be 90% owned by the insurer and 10% by Neinor. And the homes will be for sale, under the 'build to sell' format.
In addition, Neinor will act as 'delivery partner manager', supervising the design of the project, the granting of licenses, its marketing and construction.
Both companies have expressed their Cambodia Telegram Number Data commitment to continue exploring new investment and promotion opportunities in the Spanish residential market in the coming months, potential agreements that are part of Neinor's strategic plan for the period 2023-2027.
Deliver more than 2,000 homes per year The strategic plan presented by the developer last March contemplates the distribution among its shareholders of 600 million euros in dividends over the next five years and delivering more than 2,000 homes per year until 2027; that is, 10,000 units in total.
Likewise, the real estate developer has set objectives to obtain annual income of between 600 and 700 million euros until 2027 ; achieve a gross operating result (Ebitda) of around 100 million annually and a net profit of between 65 and 90 million euros.
Neinor has also launched a new co-investment business line , both for 'build to sell', 'build to rent' and 'senior living', which will allow it to grow and continue optimizing its balance sheet while improving returns. Within this new strategy, which includes the joint venture with AXA, the company is already advancing several vehicles with different investors, which it hopes to consolidate during the year and which will form part of its investment plan of more than 1,000 million euros in land purchases.
As reported by the real estate developer to the National Securities Market Commission (CNMV), the company will be 90% owned by the insurer and 10% by Neinor. And the homes will be for sale, under the 'build to sell' format.
In addition, Neinor will act as 'delivery partner manager', supervising the design of the project, the granting of licenses, its marketing and construction.
Both companies have expressed their Cambodia Telegram Number Data commitment to continue exploring new investment and promotion opportunities in the Spanish residential market in the coming months, potential agreements that are part of Neinor's strategic plan for the period 2023-2027.
Deliver more than 2,000 homes per year The strategic plan presented by the developer last March contemplates the distribution among its shareholders of 600 million euros in dividends over the next five years and delivering more than 2,000 homes per year until 2027; that is, 10,000 units in total.
Likewise, the real estate developer has set objectives to obtain annual income of between 600 and 700 million euros until 2027 ; achieve a gross operating result (Ebitda) of around 100 million annually and a net profit of between 65 and 90 million euros.
Neinor has also launched a new co-investment business line , both for 'build to sell', 'build to rent' and 'senior living', which will allow it to grow and continue optimizing its balance sheet while improving returns. Within this new strategy, which includes the joint venture with AXA, the company is already advancing several vehicles with different investors, which it hopes to consolidate during the year and which will form part of its investment plan of more than 1,000 million euros in land purchases.
And in chorus, we learn how to read music. What about you?
But yeah, working on the missing location pictures. <3