Neinor has completed the strategic income of the BTR wallet, opened 325 million euros since 2023

• Neinor Homes sold five rental buildings, totaling 251 housing units for 50 million euros
• Since 2023, Neinor Homes has sold a total of 1,334 rental units, compared to 325 million euros with an attractive total development margin of 24.8 %
• After this disposal, Neinor successfully concluded its goal in crystallizing the value of the entire rental portfolio
• Including the numbers of 1q25, Nenor sold a total of 921 housing units in its strongest start from the year ever

Madrid, May 12, 2025 – Neinor Homes (“Neinor”, Home.SM), a residential real estate developer listed in Spain, has completed the sale of two construction projects (BTR) in Guadalakara and Spain provinces, to the director of real estate assets Round Hill Capital. These BTR plans have finished construction work during the year 2024 and they are fully operating.

In addition, Neinor reached an agreement to sell three rented buildings, including 128 housing units, located in the provinces of Malaga, Alicante and Valencia to 1810 Capital. The assets belonged to the Sardes portfolio obtained by NEINOR in early 2021. Moreover, as part of the agreement, Neinor will continue to manage and operate these buildings under the OPCO rental, Renta Garantizada.

Transactions reach about 50 million euros. Moreover, these sales will strengthen the generation of free cash flow without a material impact on the Nenor income statement of 2025. Savills Neinor advised both deals.

These delicious deals to rent housing in Spain and emphasize the successful implementation of the BTR liquefy strategy in Neinor

Since presenting its strategic plan, Neinor has sold a total of 11 of the rental assets for institutional investors, which includes 1,334 housing units located in the provinces of Madrid, Guadalakara, Valencia, Seville, Alicante and Málaga. These sales have generated revenues of about 325 million euros with 24 % attractive total development margins. Specifically, Neinor sold the following developments:

• HACIENDA HOMES (146 units) to Kygal;
• Sky Homes (213 units) to Savills IM;
• EUROPA houses (146 units) to Harrison Street and Dea Capital;
• Double houses (94 units) to CBRE IM;
• Aloera Homes (337 units) for Avalon properties;
• Parl Homes (147 units), Delta Homes (57 units) and sevilla homes (66 units) to capture Hill Capital;
• Pacifico Homes (28 units), Campanar Homes (60 units) and novo parque home (40 units) to 1810 Capital;

With these transactions, Neinor has completed the BTR wallet liquefy. The remaining rented assets, including part of the Sardes and Olarizu Homes portfolio, have been transferred to the construction strategy to sale and are being marketed on the basis of retail-in the wake of the same approach that was previously applied to more than 1,300 units via projects such as Sue 21, Zorrozaurre, Serena and others.

The marketing environment remains very dynamic from solid basics and repeats the positive sector expectations for 2025

Earlier this month, Neinor announced that during the first quarter of 2015, 670 building units (BTS) was sold, reflecting an 86 % increase on an annual basis in sizes and an increase of 97 % on an annual basis in the economic value. This performance was driven by the solid basics of the Spanish residential sector in addition to increasing the Asset Management Department, which allowed Neinor to greatly expand projects under marketing. Including BTR Disposals, in advance 921# compared to 295 million euros at the strongest of this year ever.

fatherRJA García-egotxeaga, CEO of Neinor Homes, commented: “If we look back, I am pleased to point out that our strategy with a mixture of behavior and rental was very successful in crystallizing the value of the NEINOR BTR portfolio, while protecting business margins, speeding cash flows and improving our public budget. These behaviors have played an important role to fund 600 million shareholders in Neinor. 1Q25, and recently And we agreed to the last 31 million euros due to payment this week.

Jordi Arjimi, Executive Vice President and Financial Director, stated “From the point of view of the work, nothing has changed in the basics of the sector where we continue to benefit from accumulated demand for housing, and the absence of a supply while the conditions for financing for home buyers continues to improve. The margin expectations continue in the fiscal year 25-26 to improve because we benefit from strong sales to the front to increase the selling prices to the maximum.

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About nineor homes

Neinor Homes is the leading residential real estate developer in Spain, with a ground for 12000 C houses, and GAV until December 2024 at a value of 1.5 billion euros. This land bank is located in some fastest growing areas with the best economic basics in Spain: Madrid, West and East Andalusia, Levante, Basque, and Catalonia.

Neinor is an integrated and completely installed residential platform in Spain, and the entire development value series covers the purchase of lands, planning, urban management, product design, development, construction, sales and marketing. We are committed to creating and providing attractive risk modification returns to shareholders through our disciplined capital allocation strategy, distinction in operations and risk management.

We are the only listed residential real estate developer with a multi -sectarian marketing strategy in Spain, and our strategies include building (BTR); Building for sale (BTS); The highly exploited high living market in Spain, which we offer.

We have enabled the operational excellence of Neinor, the investment strategy and the results that have been achieved since 2019 to fulfill our 5 -year business plan, which was launched in March 2023, in a sustainable and effective way in the capital. This plan combines the shareholders ’wages plan worth 600 million euros and an investment of one billion euros in the new opportunistic acquisitions, which is expected to be half of which will be implemented in joint projects with strategic partners through joint investment agreements, with the IRR goal by 20 %.

We offer attractive returns to the shareholders in a country where there are strong and sustainable basics of demand and supported by the flexible macroeconomic environment and expectations. Spain remains one of the most attractive and safe residential markets around the world, with one of the lowest new supply rates for the world since 2013.

For more information:

Nineor homes
Investor relations management
Investor.Rells@neinorhomes.com

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