Sunday, September 20, 2020
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1810 Capital Buys 72 Homes from Neinor To Put Them Up For Rent

1810 Capital Investments has closed a pre-sale contract with Neinor for 72 homes worth 20 million euros. The property developer will manage the rental properties.

A Neinor Homes development in Las Rozas.

The residential property developer Neinor Homes – which closed the first half of the year with a 38% drop in revenues after it failed to deliver all of the homes that it had planned – has decided to sell en bloc a portfolio containing more than 70 homes to which it will nevertheless continue to be linked as the rental manager for a period of at least three years.

Specifically, Neinor has closed an agreement, which was signed at the end of June, for the pre-sale of 72 homes, with their respective parking spaces and storage rooms, distributed over five developments currently under construction, and which will be delivered between the last quarter of 2020 and the end of 2022, for 20 million euros.

Read the full article in Spanish.


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