Stoneshield Capital, an investment fund co-founded by Felipe Morenés Botín-Sanz de Sautuola, together with Juan Pepa, has increased its stake in Neinor Homes from 22.67% to 25%.
The investment company, which is headquartered in Luxembourg, has informed the Spanish National Securities Market Commission (CNMV) of this change in ownership of the development company. This increase in the shareholding has been carried out through the acquisition of shares on the open market.
According to the statement, Stoneshield's presence in Neinor Homes is manifested through the ownership of approximately 20 million shares. At current market values, where Neinor shares are trading at 8.98 euros each, this holding represents a total of 180 million euros.
Both Felipe Morenés and Juan Pepa are members of Neinor's board of directors. This position was acquired in January 2022, when they disclosed an initial 18.5% stake in the developer. Over the last year and a half, this figure has been increased to the current 25%.
Morenés already held the position of director in the past, although not as a proprietary director. Instead, Pepa served as a director from the founding of Neinor Homes in 2015 until 2019, when he stepped down to focus on advancing Stoneshield Capital. However, he resumed his role on the company's main governing body in 2022.
At present, the largest holder of Neinor Homes shares is the Luxembourg-based Orion European Real Estate fund, which controls a 28% stake, followed by Stoneshield. The third most influential investor is the Israeli fund Adar Capital Partners, with a 14.5% stake.
