Neinor Homes is starting to make cash from its portfolio of rental homes that is currently worth around 900 million euros. The first sale of a build-to-rent (BTR) promotion was closed on Thursday with a German fund. The development sold is Hacienda Homes in Málaga, a residential complex comprising around 150 flats with common areas spanning 2,500 square metres. The original sales price of the homes ranged between 340,000 and 595,000 euros, as stated on the company’s website.
Nevertheless, the property is intended for rent and Neinor Homes will remain as the asset manager through some of its group entities, including Renta Garantizada, a company that manages more than 4,000 third-party rental apartments in Spain.
Read the full article in Spanish.
