Habitatge Metròpolis Barcelona (HMB) is the entity with which the City Council of the Catalan capital and its metropolitan area intend to develop a stock of 4,500 affordable rental homes within a decade.
To do so, the Metropolitan Council launched a tender to find a private partner and after several companies submitted their bids, the alliance formed by Cevasa and Neinor has been selected as the winner, beating the bid of its rival: Visoren.
According to the AMB itself, both companies’ bids reached 58 million euros, requiring a downpayment of 12 million euros to start the first phase.
After that, they will keep 3% of the total value of each development (excluding land) and 6% of the net rental income. In addition, the listed companies have refused to charge preferential dividends, despite the fact that the tender envisaged up to 5% for a maximum period of 15 years.
Read the full article in Spanish