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Aedas Invests €217 Million in Enough Land to Build 3,000 Homes

The land Aedas acquired is qualified as finalist land, ready to develop, and is primarily located in Valencia, Palma de Mallorca, Granada and Madrid.

Sergio Gálvez, General Manager of Strategy, Investments and Alternative Developments at Aedas Homes

Aedas Homes has boosted its investments in land during the first six months of its fiscal year, which runs from April of this year to March 2022. The housing developer announced that it had finalised 217 million euros in deals to acquire enough land to develop 3,000 homes.

This rate of investment has allowed Aedas to meet its target for the year in just six months. The goal was set last June during a presentation of its new business plan for the years to 2025.

In the document, Aedas envisages investments of between 200 and 300 million euros in new land, enough to build 3,100 and 3,300 homes in the 2021-2022 financial year.

Read the full article in Spanish


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