Neinor Homes closed yesterday the acquisition of a fully permitted land plot in Valencia, with a buildable area of over 50,000 m² and suitable for constructing ca. 400 units. It is located in the Malilla neighborhood of Valencia, across the street from La Fe Hospital (the biggest in the city) and where the Company acquired another plot in March.
Neinor Homes announced in Q1 the opening of an office in Valencia to conduct business in the Levante region. The office is now fully staffed and already putting into production the regional land bank of more than 75,000 m² or over 600 residential units.
Juan Velayos, CEO of Neinor Homes, stressed that “the acquisition of this plot in Valencia significantly increases the Company’s land bank in the region, as well as it is another big step towards fulfilling this year’s target for acquisitions”.
Source: Europe Real Estate