Madrid: Neinor Homes has successfully raised £140 million through an accelerated bookbuild offering (ABB) by issuing 8,900,190 new shares at a price of £15.73 per share.

According to BERNAMA News Agency, Neinor’s largest shareholder, Orion, played a significant role in this financial achievement by subscribing £100 million. This move underscores Orion’s long-term commitment to Neinor Homes and its confidence in the company’s equity-efficient growth strategy.

The remaining £40 million was subscribed by existing shareholders who have shown continued support for Neinor Homes following a previous £229 million ABB conducted in June. This latest financial maneuver positions Neinor Homes to capitalize on growth opportunities within the buoyant Spanish residential market.