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Árqura Homes Records Revenues of €136.4 Million in 2021, Up By 74% YoY

The developer Árqura Homes, in which Sareb and Värde Partners hold stakes, generated a pre-tax profit of 10 million euros in 2021, up by 85% YoY.

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Project Aquia León

Árqura Homes, a development vehicle managed by Aelca and owned by the Company for the Management of Assets proceeding from the Bank Restructuring (Sareb) and the US fund Värde Partners, obtained revenues of 136.4 million euros in 2021, which represented an increase of 74% compared to the previous year. In addition, the company recorded a profit before taxes of 10 million euros, up by 85% year-on-year.

The company plans to deliver around 800 homes during 2022, of which 74% have already been committed to clients through contracts, as reported by Sareb.

Read the full article in Spanish.

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