Residential property developer returns to the stock market

By Matthew Elliott Friday, 17 March 2017 17:29 0

IN a surefire sign that Spanish residential real estate is set for some profitable times ahead, Bilbao-based construction company Neinor Homes plans to float 60 per cent of its share capital on the Spanish stock exchange. 

Vast amounts of foreign investment flowing into the country has inspired the move. It represents the first time a residential property developer has gone onto the stock exchange in ten years. 

A statement from Neinor, which specialises in acquiring prime land for development, said that international investors had a powerful vision for the recovery of the Spanish real estate sector, which continues its strong recovery. 

The firm counts hundreds of developments and more than 9,000 homes among its assets, valued at more than €1 billion. Residential home construction in Spain has been humming along nicely in recent years, encouraged by spectacular growth in the commercial real estate sector. 

Comments (0)

There are no comments posted here yet

Leave your comments

Posting comment as a guest. Sign up or login to your account.
0 Characters
Attachments (0 / 3)
Share Your Location

Poll of the Week

Looky looky men: Do you feel they are good or bad?

Latest Tweets

Appeal launched for unidentified witness in #KirstyMaxwell case. Please Retweet! #RT https://t.co/JeBbPwEPYR
Airport strikes HAVE NOT been called off. But talks are 'positive'. #Aena #airportstrikes #Spain https://t.co/dpxeUP0lX1
Man arrested for starting #forestfires in #Murcia https://t.co/B8AQ5Cc8KQ
Follow Euro Weekly News on Twitter

Post Gallery

Devil of a heatwave to sweep Spain with 70 severe weather alerts issued

Teenagers catch rabies after having sex with a donkey

Kirsty Maxwell Benidorm balcony death: Woman 'tried to clamber down side of hotel'

WATCH: Brits in the sun laid bare in The Secret Life of the Holiday Resort

Spanish nurse assists in mid-air medical emergency on Alicante bound flight

‘Missing’ Albox couple reported ‘safe and embarrassed’

WATCH: Rowdy hen party kicked off Ryanair flight to Alicante

Moving up the ladder

Two people die trying to rescue dog from reservoir in Almeria