Kuala lumpur: Neinor Homes has successfully raised 140 million euros through an accelerated bookbuild (ABB) offering, issuing over 8.9 million new shares at 15.73 euros per share. (1 Euro = RM4.85)
According to BERNAMA News Agency, Orion, Neinor’s largest shareholder, subscribed 100 million euros, reinforcing its long-term commitment to the company and confidence in its equity-efficient growth strategy. The remaining 40 million euros was subscribed by existing investors, following the 229 million euros ABB executed in June.
Neinor Homes Chief Executive Officer, Borja Garca-Egotxeaga, expressed satisfaction with the transaction outcome, highlighting the continued support from Orion and institutional investors. He emphasized that the proceeds will enable the company to expand in the Spanish market’s most attractive segments while maintaining a disciplined approach to capital deployment.
Neinor stated that Spain remains one of the safest residential markets globally, characterized by being structurally undersupplied, underleveraged, and offering compelling long-term growth opportunities in a highly fragmented market. Over the past 2.5 years, Neinor and its strategic partners have closed land acquisitions worth more than 2.7 billion euros to develop approximately 31,000 housing units targeting opportunistic returns.
With the acquisition of AEDAS fully funded, Neinor plans to use the net proceeds to pursue further growth opportunities in Build-to-Sell and the emerging Alternative Living segments.