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Incus Capital Lends €112 Million to Aedas to Build 1,300 Build-to-Rent Homes

The developer has reached an agreement with Incus to finance ten developments with 1,300 homes at an interest rate very similar to a developer's loan.

Maria Jose Leal CFO de AEDAS Homes. 1

Aedas Homes, whose main shareholder is the Castlelake fund, has reached an agreement with Incus Capital for 112 million euros in financing, to be received by the developer. The funds will be used to finance a dozen turnkey residential rental projects for third parties.

The loan matures in four years and has an interest rate very close to that of a developer loan, industry sources told Brainsre.news.

The transaction involved Alantra as financial advisor, Deloitte as technical and commercial advisor and DLA Piper and Garrigues as legal advisors.

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