Neinor Homes already had an asset in the Comunidad Valenciana, in San Juan (Alicante), suitable for the development of 154 houses. According to Spanish Real Estate, who supplied the information, Valencia offers the market characteristics required by Neinor Homes: scarcity of structural supply, lack of competence, positive population growth, and unsatisfied demand; the company is seeking new opportunities in the city and is planning to open a local office.
This was the 7th purchase by the company in the 1st trimester of the year, and completes an investment of 51.5 million euros in this period, including the purchase of six plots of land in Cataluña (Sitges, Girona and Sabadell), Andalucía (Mairena de Aljarafe (Sevilla) and Casares (Málaga)), Madrid and Valencia, where more than 700 homes are to be built.