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Neinor Homes Puts a Large Part of its Build-to-Rent Portfolio Up For Sale

The listed property developer has engaged the consulting firm Savills to manage the process, although they say no definite decisions have been made for the time being.

Borja Garcia Egocheaga 2. CEO Neinor Homes 1024x682 1 1 696x464 1

Neinor Homes is evaluating the rotation of its portfolio. The property developer led by Borja García-Egotxeaga has put up to 1,500 build-to-rent homes up for sale, through an operation that has been entrusted to several consultants.

Sources close to Neinor have confirmed to that the market study is real, although they downplay the development. “It is a study of the different strategic alternatives available that include, amongst others: retaining the business on the company’s balance sheet; the entry of new shareholders; a partial sale by portfolio; and any other asset rotation strategy”.

Read the full article in Spanish.


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