Madrid accounts for more than 40% of land investments made by AEDAS Homes - Seite 2

 

This concentration of investment in land in Madrid over the course of 2018 has made it possible for AEDAS Homes to significantly increase its exposure in Spain's top residential market. Madrid now accounts for more than 35% of the company's GDV, given its focus on consolidating its position the region.

 

Land Bank in Spain

In the first half of 2018, AEDAS Homes closed 16 deals worth a total of €96.6 in the national market.  These investments were made in three provinces where the company currently operates (Madrid, Seville and Valencia) and in two new ones (Granada and Valladolid).

 

 

These investments in land on which more than 1,900 homes can be built mean that the developer's total land portfolio now exceeds 1.5 million square meters for the construction of over 14,500 homes.  

 

In August, the company took out a €150 million corporate term loan in order to continue expanding its land bank. According to Gálvez, this financing will enable the company to "make the most of the competitive advantage of our land bank to bring forward our land investment schedule and secure top-quality assets currently available on the market".  

 

Furthermore, as of September 30, the company had issued letters of intent for land on which to build an additional 1,010 units.

 

Looking ahead, "We will continue investing in our traditional geographic footprint, further improving visibility on our business plan and maintaining the quality of our land bank," stated Gálvez.

 

 

 

About AEDAS Homes
The developer AEDAS Homes became a listed company in Madrid on October 20, 2017, with a market capitalization of over €1.5 billion. As an industry leader at the national level, the company aims to play an important role in the new cycle of the Spanish real estate sector, which must be marked by professionalism and an adherence to rigorous standards.

AEDAS Homes has a fully-permitted residential land bank with more than 1.5 million square meters (the highest quality land bank in Spain, according to experts). This portfolio will allow the developer to build over 14,500 homes in Spain's key markets and their surrounding areas (both in terms of real estate and finance): the Centre (Madrid region), Catalonia, the East & Mallorca, Costa del Sol and Andalucía.

 

For additional information:
aedashomes.com/

AEDAS Homes corporate video:
https://www.youtube.com/watch?v=y5QNVtpPfNo

Press Release

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
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Source: AEDAS Homes S.A.U. via Globenewswire