Aedas Homes, the listed property developer created by the US investment fund Castlelake, closed the first half of its fiscal year – which ended on 30 September – with revenues from the sale of new homes of 61.8 million euros, up by 32% compared to the same period a year earlier.
Between June and September, a period severely marked by the Covid-19 pandemic and restrictions on mobility, Aedas managed to close 396 sales, 10% more than during the same period in 2019. In total, during the first half of its financial year 2020-2021, the firm recorded 523 pre-sales, with another 129 net sales following in October. In terms of cancellations, Aedas has suffered just 16 from its previously signed contracts.
Read the full article in Spanish.
